- U.S. judge rules OFAC sanction exclusion from trial.
- Positive market response with TORN up 5%.
- Privacy tech community reacts optimistically to ruling.
Roman Storm’s upcoming trial sees a pivotal turn as a U.S. federal judge ruled that OFAC’s sanctions against Tornado Cash can’t be used, impacting proceedings in New York.
The exclusion of OFAC sanctions from the trial underscores the legal complexities in crypto regulation and affects market perceptions, as seen by the rise in TORN’s price.
A U.S. federal judge has ruled that the sanctions imposed by the Office of Foreign Assets Control (OFAC) against Tornado Cash are inadmissible in the criminal trial of co-founder Roman Storm, unless the prosecutors can present clear evidence of post-sanction activities. This decision impacts the trial, scheduled for July 14, 2025, in the Southern District of New York.
The legal challenge involved prominent figures such as Roman Storm, Tornado Cash’s co-founder, and Peter Van Valkenburgh, representing Coin Center, an advocacy group contesting the sanctions’ legality. The ruling follows the vacating of the sanctions and has led to a 5% increase in TORN’s value, the protocol’s governance token, reflecting investor confidence.
Market responses demonstrate increased optimism in privacy-oriented cryptocurrencies, with Ethereum (ETH) witnessing interest due to Tornado Cash operating on its blockchain. Experts suggest this ruling could influence privacy token regulations, sparking broader discussions among developers and privacy advocates.
“OFAC’s sanctions cannot be introduced as admissible evidence in the criminal trial against Roman Storm unless prosecutors submit compelling evidence connecting his conduct to post-sanction activity.”
— U.S. Federal Judge Katherine Polk Failla
Potential outcomes include shifts in regulatory approaches toward privacy tech and renewed interest in non-custodial privacy tools. This ruling may serve as a precedent, potentially influencing future cases involving digital asset developers.
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