Close Menu
  • Coins
    • Bitcoin
    • Ethereum
    • Altcoins
    • NFT
  • Blockchain
  • DeFi
  • Metaverse
  • Regulation
  • Other
    • Exchanges
    • ICO
    • GameFi
    • Mining
    • Legal
  • MarketCap
What's Hot

Solana Foundation’s Vibhu Promises Innovations in Six Months

06/11/2026

US Bank Regulator Issues First AI Framework as Banks Battle Rogue Agents

06/11/2026

Coinbase’s October 30 deadline raises concerns – Will stablecoin traders move to DEXs?

06/11/2026
Facebook X (Twitter) Instagram
  • Back to NBTC homepage
  • Privacy Policy
  • Contact
X (Twitter) Telegram Facebook LinkedIn RSS
NBTC News
  • Coins
    1. Bitcoin
    2. Ethereum
    3. Altcoins
    4. NFT
    5. View All

    Square’s Bitcoin rewards could give cardholders 3% back in Bitcoin on purchases

    06/11/2026

    Bitcoin keeps up pressure on $84K as US stocks skirt Korea tech sell-off

    06/11/2026

    Bitcoin holders in profit, but buyers are nowhere to be found – $80K is the line

    05/11/2026

    Coinbase advances Bitcoin’s post-quantum readiness while holding about 5% of BTC

    05/11/2026

    Ethereum Privacy Network Aztec Rolls Out Major Security and Speed Upgrade

    06/11/2026

    Ethereum exchange reserves hit 2016 low – As Bitmine adds another $11.22M ETH

    05/11/2026

    Mougayar’s Study Scores Ethereum (ETH) 9.7/10 Against SEC Decentralization Criteria

    05/11/2026

    What ETHGas’s advance transaction bookings offer

    05/11/2026

    Solana Foundation’s Vibhu Promises Innovations in Six Months

    06/11/2026

    Filecoin Pay Sees 165 Customers and $67,312 in Stablecoin

    06/11/2026

    NEAR Protocol Expands Cross-Chain Infrastructure

    06/11/2026

    Algorand Executes First Post-Quantum Transaction, Setting

    05/11/2026

    PixieChess Confirms New Weekly Packs for Collectors on Base

    29/10/2026

    Fuzzy Launches Dynamic NFT Collection With Four Phases

    29/10/2026

    Machi’s NFT Sales Exceed 60 as Trader Faces $2.35M Loss

    28/10/2026

    SquiggleDAO Acquires NFT Through Decentralized Community

    24/10/2026

    Solana Foundation’s Vibhu Promises Innovations in Six Months

    06/11/2026

    US Bank Regulator Issues First AI Framework as Banks Battle Rogue Agents

    06/11/2026

    Coinbase’s October 30 deadline raises concerns – Will stablecoin traders move to DEXs?

    06/11/2026

    Square’s Bitcoin rewards could give cardholders 3% back in Bitcoin on purchases

    06/11/2026
  • Blockchain

    LOBSTR Becomes First Wallet Live With WalletConnect Pay on Stellar Network

    04/11/2026

    Chainlink Forms Partnership With Hanwha Investment & Securities to Power Global RWA Tokenization Platform

    04/11/2026

    Pump.fun Adds Polygon Support as Memecoin Platform Widens Multichain Push Beyond Solana

    04/11/2026

    Tokenized Collateral on the Table!

    04/11/2026

    Solana Retweets Hacker Houses Announcement, First in Two Years

    04/11/2026
  • DeFi

    Aave borrowers faced up to 36% APR while a freeze blocked fresh collateral

    05/11/2026

    41% of Tokenized-Stock Deposits in DeFi

    05/11/2026

    dCOMP/USDC Market Update: Api3DAO Reports Healthy Conditions

    05/11/2026

    Kabu Accepts Ethena’s ENA as Collateral for USDC Borrowing

    05/11/2026

    Firelight Protocol Extends XRP-Backed Cover to $38 Million Across Three DEFI Vaults

    05/11/2026
  • Metaverse

    Exploring the Future of the Metaverse

    19/10/2026

    Is Solana Gaming Back? Kintara Activity Fuels Renewed Optimism in Onchain MMOs

    24/06/2026

    The Sandbox launches AI game engine ‘The Sandbox Studio’ for next-generation creators

    10/06/2026

    Meta commits $13M in funding for Oversight Board through 2028

    29/05/2026

    Why Animoca’s Yat Siu says the future is 100 billion AI agents

    07/05/2026
  • Regulation

    ECB Picks Digital Euro Network Providers as Pilot Infrastructure Takes Shape

    06/11/2026

    Metals.io issues tokens backed by 25 tonnes of physical copper stored in Germany

    06/11/2026

    Hong Kong takes tokenized settlement to 24/7, plans stablecoin trials

    05/11/2026

    Tokenization firm tZERO plans to go public in $350 million SPAC deal

    05/11/2026

    China’s Copper Import Premium Tops $200, Highest Since 2017

    05/11/2026
  • Other
    1. Exchanges
    2. ICO
    3. GameFi
    4. Mining
    5. Legal
    6. View All

    Coinbase’s October 30 deadline raises concerns – Will stablecoin traders move to DEXs?

    06/11/2026

    LME Explores Tokenizing Hong Kong Metal Stocks for Financing

    06/11/2026

    Polymarket brings ultra-short crypto prediction markets to U.S. platform

    05/11/2026

    Polygon and Solana team to bring stablecoin payments to banks

    05/11/2026

    ICO market slows sharply with only six completions in 2026

    30/04/2026

    South Korea Poised to Lift Ban on Domestic ICOs After 7 Years

    19/12/2025

    Why 2025’s Token Boom Looks Both Familiar and Dangerous

    31/10/2025

    ICO for bitcoin yield farming chain Corn screams we’re so back

    22/01/2025

    FLOKI Ships Valhalla 1.13.2 ‘Special Delivery’ to Players on Mainnet

    27/10/2026

    Top 12 NFT games every player should know about in August 2026

    19/08/2026

    GameShame Studios founder details Raijin Protocol’s roadmap in NeoPod’s sixth AMA

    13/08/2026

    How BC.GAME is turning players into stakeholders

    04/08/2026

    Bitcoin miner Riot could pay Anthropic 12% interest under $28 billion AI deal

    05/11/2026

    Bitcoin miners are oversold following 35% October rout, VanEck says

    05/11/2026

    Core Scientific posts $1.2B profit as colocation revenue jumps 60% in Q3

    05/11/2026

    Google could take stake in bitcoin miner TeraWulf’s $19 billion AI project if Anthropic defaults

    05/11/2026

    US Bank Regulator Issues First AI Framework as Banks Battle Rogue Agents

    06/11/2026

    Italy Filed 95% of the EU’s Register of Unlicensed Crypto Firms

    06/11/2026

    Crypto PACs eye 2028 “new map” as Democrats take Congress

    05/11/2026

    Tokenization and stablecoins may weather Democrats’ sweep as broader crypto rules face uncertainty

    05/11/2026

    Solana Foundation’s Vibhu Promises Innovations in Six Months

    06/11/2026

    US Bank Regulator Issues First AI Framework as Banks Battle Rogue Agents

    06/11/2026

    Coinbase’s October 30 deadline raises concerns – Will stablecoin traders move to DEXs?

    06/11/2026

    Square’s Bitcoin rewards could give cardholders 3% back in Bitcoin on purchases

    06/11/2026
  • MarketCap
NBTC News
Home»Legal»Tornado Cash Devs Get $500K From Solana Policy Institute to Appeal Convictions
Legal

Tornado Cash Devs Get $500K From Solana Policy Institute to Appeal Convictions

NBTCBy NBTC30/08/2025No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email


The Solana Policy Institute, a leading crypto lobbying group, announced Thursday it will donate $500,000 to aid the legal defenses of Roman Storm and Alexey Pertsev—developers of Ethereum coin mixing service Tornado Cash that were convicted of crimes in the United States and the Netherlands, respectively. 

Storm was convicted earlier this month in Manhattan for the crime of operating an illegal money transmitting business, and now faces up to five years in federal prison. Pertsev was sentenced to over five years in prison last year, after a Dutch court found him guilty of money laundering.

The legal woes of both Tornado Cash developers have, for years, triggered concern within the crypto industry and broader tech circles. Advocates have long warned that successful convictions of either man for their work on developing and maintaining the Tornado Cash platform could have major ramifications for software developers in all contexts.

“These prosecutions continue to set a chilling precedent that threatens the software development industry,” Miller Whitehouse-Levine, CEO of the Solana Policy Institute, said in a Thursday blog post announcing the donation. “If the government can prosecute developers for creating neutral tools that others misuse, it fundamentally changes developers’ risk calculus.”

Though the Trump administration has in many respects taken an aggressively pro-crypto approach since January, the president’s Department of Justice opted to press forward with criminal charges against Storm initially filed in 2023 by the Biden administration.

In an apparent shift in policy, however, a top DOJ official told an audience of crypto industry leaders last week that federal prosecutors will no longer pursue the charge they successfully convicted Storm of, against developers of “truly decentralized” software that does not take custody of user funds but is used by criminal entities to launder digital assets.

Crypto policy leaders have had to walk a tightrope as of late between applauding the Trump administration’s pro-crypto moves, and warning about the risks posed if Storm’s conviction is upheld. The true test will come during Storm’s appeal—which will clarify if the Trump DOJ has undergone any true change of heart on the subject of decentralized software developers and criminal liability.

The issue has become increasingly existential to the crypto industry as a whole. On Wednesday, 114 crypto companies and tech lobbying groups—including the Solana Policy Institute—sent a letter to the Senate Banking Committee warning they would collectively protest an upcoming crypto market structure bill if it did not explicitly exempt decentralized software developers from criminal liability on the charge the DOJ used to convict Storm. 

Today’s donation also hits on an intra-industry tension that has been brewing for some weeks. 

Tornado Cash operates on the Ethereum network, and members of the Ethereum community have long been vocal in their support of the legal defenses of Storm and Pertsev.

In recent weeks, however, some industry players—most notably, Bitcoin pioneer Erik Voorhees, the founder of crypto exchange ShapeShift and Venice AI—have questioned whether prominent boosters of Solana, long a rival network to Ethereum, would step up to support the Tornado Cash developers in the name of defending broader crypto principles.

Dear Solana community, now would be a good time to demonstrate fidelity to the principles of this industry https://t.co/aY2wKcarg3

— Erik Voorhees (@ErikVoorhees) August 8, 2025

Today’s donation by the Solana Policy Institute would appear to counter that criticism. But leadership of the organization, founded earlier this year, also has particularly deep roots in advocacy for software developers generally, and for Tornado Cash’s developers specifically.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
NBTC

NBTC is the editorial account for NBTC News, covering Bitcoin, Ethereum, DeFi, blockchain infrastructure, exchanges, mining, regulation and digital asset markets. The editorial team focuses on clear sourcing, timely updates and practical context for crypto readers.

Related Posts

US Bank Regulator Issues First AI Framework as Banks Battle Rogue Agents

06/11/2026

Italy Filed 95% of the EU’s Register of Unlicensed Crypto Firms

06/11/2026

Crypto PACs eye 2028 “new map” as Democrats take Congress

05/11/2026

Tokenization and stablecoins may weather Democrats’ sweep as broader crypto rules face uncertainty

05/11/2026
Add A Comment

Comments are closed.

Top Posts
Get Informed

Subscribe to Updates

Get the latest news from NBTC regarding crypto, blockchains and web3 related topics.

Your source for the serious news. This website is crafted specifically to for crazy and hot cryptonews. Visit our main page for more tons of news.

We're social. Connect with us:

Facebook X (Twitter) LinkedIn RSS
Top Insights

Solana Foundation’s Vibhu Promises Innovations in Six Months

06/11/2026

US Bank Regulator Issues First AI Framework as Banks Battle Rogue Agents

06/11/2026

Coinbase’s October 30 deadline raises concerns – Will stablecoin traders move to DEXs?

06/11/2026
Get Informed

Subscribe to Updates

Get the latest news from NBTC regarding crypto, blockchains and web3 related topics.

Type above and press Enter to search. Press Esc to cancel.