Storm's trial concluded with mixed outcomes, deadlocked on major charges of money laundering and sanctions violations. His defense emphasized his intention to assist the crypto exchange in recovering funds by utilizing blockchain analysis tools and ensuring Tornado Cash's legal standing. The jury found him guilty of operating an unlicensed money transmitting business, leading to upcoming sentencing. Government pressure on crypto mixers continues, as seen with the Samourai Wallet team's arrest and plea deal, indicating persistent regulatory challenges for cryptocurrency operations.
Storm's defense argued that he aimed to help the crypto exchange recover funds by pointing to blockchain analysis tools, indicating his understanding of regulatory compliance.
Despite the trial's mixed outcome, a lesser charge resulted in Storm being found guilty of operating an unlicensed money transmitting business, with sentencing upcoming.
The government's increasing pressure on crypto mixers is reflected in the arrest of Samourai Wallet's team and their subsequent plea deal, highlighting ongoing regulatory challenges.
Storm's assertion about Tornado Cash being legal was supported by his venture capitalist backers, emphasizing the belief in its compliance within the cryptocurrency landscape.
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