Ethereum Foundation Pledges $1.25M to Support Tornado Cash Co-Founder Roman Storm’s Legal Defense

Roman Storm, co-founder of Tornado Cash, is actively securing legal defense funding ahead of his trial commencing on July 14 in New York, as reported by COINOTAG News via The Block on June 14. The Ethereum Foundation has committed a substantial donation of $500,000 and will match additional community contributions up to $750,000, underscoring the critical importance of privacy in blockchain technology. The foundation emphasized that privacy rights remain fundamental, asserting that “writing code is not a crime.” This financial backing highlights the ongoing debate surrounding privacy tools in the crypto ecosystem and the legal challenges faced by developers. The case is poised to set significant precedents regarding the intersection of blockchain innovation and regulatory frameworks, making it a focal point for stakeholders invested in the future of decentralized privacy solutions.