NY Court Delay Roman Storm’s Tornado Cash Retrial Till Late 2025
New York Southern District Federal Court don extend di deadline for Roman Storm retrial, e fit mean say any new trial about Tornado Cash money laundering and US sanctions violation fit delay till December 18, 2025. Judge Katherine Failla exclude di time wey pass di standard 70-day window make Storm get extra time prepare for im retrial. Storm bin convict for August 2023 for running money transmitting business without license wey relate to Tornado Cash, but di jury no fit decide for conspiracy to commit money laundering and violate US sanctions charges. Im still dey free on bail while e dey wait sentence and any retrial motion. Di co-founders Alexey Pertsev wey convict for money laundering for Netherlands and dey appeal, plus Roman Semenov wey still dey missing, dey face parallel legal cases.
Bearish
Di delay wey dey for Storm retrial plus di ongoing legal wahala around Tornado Cash dey bring long regulatory risk. Dis fit make traders lose confidence and reduce demand for TORN token both short-term and long-term, e suggest say price go likely fall.