Tornado Cash Devs Get $500K From Solana Policy Institute to Appeal Convictions
The Solana Policy Institute has pledged $500,000 to support the legal defenses of Tornado Cash developers Roman Storm and Alexey Pertsev, who were convicted of money laundering-related crimes in the U.S. and the Netherlands, respectively. Storm faces up to five years in prison for operating an illegal money transmitting business, while Pertsev received a sentence of over five years. The legal challenges of these developers have raised concerns within the tech community, as successful convictions could have wider implications for software developers. Solana's donation signifies a collaboration between rival blockchain communities to defense developers, with advocates arguing that prosecuting software creators for potential misuse creates a chilling effect on innovation. The announcement comes amid a shifting stance from the Trump administration towards decentralized software developers, as recent statements from federal prosecutors hinted at a possible cessation of pursuing similar charges against truly decentralized projects. The case and ensuing appeal will critically test the legal landscape for developers in the crypto industry.
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