TLDR: Crypto groups urge Trump to help clear Tornado Cash dev Roman Storm’s case. Over 65 crypto organizations demand clarity on digital asset regulations. Roman Storm faces charges that could harm U.S. open-source software development. Crypto industry advocates for tax clarity and protection from overbearing regulations. Legal experts warn Roman Storm’s case could set a [...] The post Over 65 Crypto Groups Call on Trump to End Prosecution of Roman Storm appeared first on CoinCentral.TLDR: Crypto groups urge Trump to help clear Tornado Cash dev Roman Storm’s case. Over 65 crypto organizations demand clarity on digital asset regulations. Roman Storm faces charges that could harm U.S. open-source software development. Crypto industry advocates for tax clarity and protection from overbearing regulations. Legal experts warn Roman Storm’s case could set a [...] The post Over 65 Crypto Groups Call on Trump to End Prosecution of Roman Storm appeared first on CoinCentral.

Over 65 Crypto Groups Call on Trump to End Prosecution of Roman Storm

TLDR:

  • Crypto groups urge Trump to help clear Tornado Cash dev Roman Storm’s case.
  • Over 65 crypto organizations demand clarity on digital asset regulations.
  • Roman Storm faces charges that could harm U.S. open-source software development.
  • Crypto industry advocates for tax clarity and protection from overbearing regulations.
  • Legal experts warn Roman Storm’s case could set a precedent for DeFi developers.

Over 65 cryptocurrency organizations have called on President Donald Trump to intervene in the prosecution of Tornado Cash developer Roman Storm. The coalition includes major crypto industry groups, DeFi builders, and investors. They argue that Storm’s case threatens the future of open-source development and could set a harmful precedent for software developers across the U.S.

The groups’ letter urges the administration to drop all charges against Storm and deliver clearer regulatory frameworks for digital assets. These organizations believe that Storm’s work on Tornado Cash, a decentralized privacy tool, should not be viewed as criminal activity. They insist that open-source software development is protected under the First Amendment and should not face legal challenges.

Crypto Industry Requests Clarification of Regulations

The letter also calls for immediate tax clarity from the U.S. Treasury and IRS, particularly on issues like staking rewards and cross-chain transfers. The signatories stress that regulatory uncertainty has pushed much of the industry offshore. They urge the administration to protect decentralized finance (DeFi) from overbearing regulations and provide clearer guidance for developers and businesses in the crypto space.

One of the primary concerns is the lack of clarity surrounding the tax treatment of various crypto activities. The letter requests that the IRS confirm that using crypto as collateral for loans is not taxable. They also ask for digital asset donations to be treated the same as donations of stocks, addressing gaps in the current tax rules.

Roman Storm faces legal challenges following his conviction in August 2025 for running an unlicensed money transmitting service. The jury could not reach a verdict on more serious charges of money laundering and sanctions violations. Despite the conviction, many within the crypto community believe the charges are unjust and politically motivated.

Storm has maintained his innocence, claiming that his role in developing Tornado Cash was purely technical and not related to illegal activities. His supporters argue that the case could discourage developers from creating decentralized software in the U.S. The ongoing legal battle could potentially set a dangerous precedent for open-source developers if the charges are upheld.

The Department of Justice has yet to confirm whether they will retry Storm on the remaining charges. Legal experts expect that Storm’s defense team will cite recent Justice Department guidelines, which state that developing decentralized software should not be classified as illegal money transmission. The final outcome of this case could significantly impact the future of cryptocurrency development in the U.S.

The post Over 65 Crypto Groups Call on Trump to End Prosecution of Roman Storm appeared first on CoinCentral.

Market Opportunity
OFFICIAL TRUMP Logo
OFFICIAL TRUMP Price(TRUMP)
$4,87
$4,87$4,87
+%0,22
USD
OFFICIAL TRUMP (TRUMP) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

‘Literally billions’ of AI agents to use stablecoins in 5 years: Circle CEO

‘Literally billions’ of AI agents to use stablecoins in 5 years: Circle CEO

Circle CEO Jeremy Allaire says AI agents have no alternative to stablecoins and will conduct everyday activities with the tokens within as little as three years
Share
Coinstats2026/01/23 08:46
Trump says US ‘armada’ heading toward Iran

Trump says US ‘armada’ heading toward Iran

The warships start moving from the Asia-Pacific as tensions between Iran and the US soared following a severe crackdown on protests across Iran in recent months
Share
Rappler2026/01/23 09:37
Adam Wainwright Takes The Mound Again Honor Darryl Kile

Adam Wainwright Takes The Mound Again Honor Darryl Kile

The post Adam Wainwright Takes The Mound Again Honor Darryl Kile appeared on BitcoinEthereumNews.com. Adam Wainwright of the St. Louis Cardinals in the dugout during the second inning against the Miami Marlins at Busch Stadium on July 18, 2023 in St. Louis, Missouri. (Photo by Brandon Sloter/Image Of Sport/Getty Images) Getty Images St. Louis Cardinals lifer Adam Wainwright is a pretty easygoing guy, and not unlikely to talk with you about baseball traditions and barbecue, or even share a joke. That personality came out last week during our Zoom call when I mentioned for the first time that I’m a Chicago Cubs fan. He responded to the mention of my fandom, “So far, I don’t think this interview is going very well.” Yet, Wainwright will return to Busch Stadium on September 19 on a more serious note, this time to honor another former Cardinal and friend, the late Darryl Kile. Wainwright will take the mound not as a starting pitcher, but to throw out the game’s ceremonial first pitch. Joining him on the mound will be Kile’s daughter, Sierra, as the two help launch a new program called Playing with Heart. “Darryl’s passing was a reminder that heart disease doesn’t discriminate, even against elite athletes in peak physical shape,” Wainwright said. “This program is about helping people recognize the risks, take action, and hopefully save lives.” Wainwright, who played for the St. Louis Cardinals as a starting pitcher from 2005 to 2023, aims to merge the essence of baseball tradition with a crucial message about heart health. Kile, a beloved pitcher for the Cardinals, tragically passed away in 2002 at the age of 33 as a result of early-onset heart disease. His sudden death shook the baseball world and left a lasting impact on teammates, fans, and especially his family. Now, more than two decades later, Sierra Kile is stepping forward with Wainwright to…
Share
BitcoinEthereumNews2025/09/18 02:08