Ethereum Foundation Invests in Tornado Cash Defense

The Ethereum Foundation has pledged $1.25 million to support Roman Storm, co-founder of the privacy protocol Tornado Cash, a move highlighting its commitment to privacy rights and open-source innovation despite ongoing legal challenges. This initiative reflects broader community support for privacy within the blockchain space, potentially influencing regulatory frameworks and developer morale. The Ethereum Foundation’s investment in Storm’s defense comes after U.S. sanctions and legal charges related to money laundering. This act demonstrates a commitment to privacy technologies in the face of regulatory scrutiny.