Ethereum Foundation Invests $500K in Roman Storm’s Legal Defense

The Ethereum Foundation is providing significant support to Roman Storm, a prominent figure in the crypto space who was convicted of operating an unlicensed money transmitting business. The foundation has committed $500,000 to cover his legal defense, with plans to match donations from the community up to that amount. Storm co-founded Tornado Cash, a privacy protocol, and faces this legal challenge following a US federal conviction. This initiative is seen as significant for several reasons: it showcases the Foundation’s commitment to privacy innovation, potentially impacting developer legal liabilities, and could affect both Ethereum and related privacy assets.