NY Court Delays Roman Storm’s Tornado Cash Retrial to Late 2025
New York’s Southern District Federal Court has approved extending the Roman Storm retrial deadline, potentially postponing any new Tornado Cash money laundering and U.S. sanctions violation trial until December 18, 2025. Judge Katherine Failla excluded time beyond the standard 70-day window to grant extra preparation for the Storm retrial. Storm was convicted in August 2023 for operating an unlicensed money transmitting business tied to Tornado Cash, while the jury deadlocked on counts of conspiracy to commit money laundering and to violate U.S. sanctions. He remains free on bail pending sentencing and any retrial motion. Co-founders Alexey Pertsev, convicted of money laundering in the Netherlands and appealing, and Roman Semenov, still at large, face parallel legal proceedings.
Bearish
The delay in the Storm retrial and ongoing legal uncertainties around Tornado Cash introduce prolonged regulatory risk. This can undermine trader confidence and reduce demand for the TORN token in both the short and long term, suggesting a bearish outlook for price action.