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Expert Analysis

Shifting Crypto Landscape Complicates Tornado Cash Verdict

By Kan Nawaday, Steven Swaney and Sophia Kielar ( October 28, 2025, 4:22 PM EDT) -- On Aug. 6, a jury in the U.S. District Court for the Southern District of New York found Roman Storm, the founder of Tornado Cash, guilty of conspiracy to operate an unlicensed money transmitting business in violation of Title 18 of the U.S. Code, Section 371. The jury deadlocked, however, on the money laundering conspiracy and sanctions evasion conspiracy counts....

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