Tornado Cash co-founder Roman Storm asks judge to vacate conviction
October 2nd news, according to DL News, Tornado Cash co-founder Roman Storm has filed a request with a federal judge to dismiss the charges against him since his highly publicized criminal trial ended in August. Storm's plea of not guilty comes eight weeks after the jury found him guilty of conspiring to operate an unregistered money transmission business. The charge carries a maximum sentence of five years in prison. However, the jury could not reach a unanimous decision on the most serious charges - conspiracy to launder money and evade sanctions. The cumulative maximum sentence for these two charges could be up to 40 years, and the prosecution has not yet decided whether to retry Storm. Storm's lawyer has requested the judge to acquit him of all three charges, arguing that the evidence provided during the three-week trial does not prove Storm had criminal intent and that the case should not have been tried in New York.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Solana News Today: Avail's Nexus Mainnet: A Borderless Blockchain Ecosystem
- Avail launches Nexus Mainnet, a cross-chain infrastructure unifying liquidity across Ethereum , Solana , and EVM-compatible chains. - The platform uses intent-solver architecture and Avail DA verification to replace bridges, enabling seamless asset movement and shared liquidity. - Integrations with major chains and partners like Lens Protocol aim to streamline DeFi and trading, while $AVAIL token coordinates cross-chain transactions. - With Infinity Blocks targeting 10 GB blocks, Nexus addresses liquidit

Cardano News Today: ETFs Turn to Alternative Coins While ADA Stumbles and XLM Gains Momentum with ISO Compliance
- Franklin ETF expands holdings to include ADA , XLM, XRP , and others, reflecting institutional altcoin diversification driven by ISO 20022 compliance and SEC-approved rules. - Cardano faces short-term bearish pressure with 31% monthly decline, contrasting Stellar's bullish 2025/2030 price projections ($1.29–$6.19) fueled by RWA and cross-border payment demand. - ISO 20022 adoption (97% payment instructions) positions ADA/XLM as bridges between DeFi and traditional finance, with Ripple's ILP enhancing XLM
The Influence of Targeted Infrastructure Funding on Property and Industrial Growth
- New York's FAST NY program allocates $9.8M to Webster for infrastructure upgrades, targeting industrial and real estate growth. - The grant funds road realignment, sewer upgrades, and electrical planning to attract $650M private investments like fairlife® dairy facility. - Webster's 10.1% residential property value surge and 300+ acres of revitalized land highlight infrastructure-driven economic multipliers. - Statewide, FAST NY has allocated $283M across 37 projects, transforming coal plants and brownfi

Bitcoin News Update: S&P Rating Drop Highlights Tether’s Risky Asset Holdings and Lack of Transparency
- S&P downgrades Tether's USDT to "5 (weak)" due to high-risk reserves and transparency gaps. - Tether's 5.6% BTC exposure exceeds overcollateralization margins, risking undercollateralization if prices drop. - CEO dismisses critique as traditional finance bias, claiming no "toxic" assets in reserves. - Regulators intensify scrutiny as stablecoin centralization risks emerge amid $184B USDT circulation. - S&P urges Tether to reduce risky assets and enhance reserve disclosure to rebuild trust.

