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Solana Policy Institute Donates $500,000 to Support Tornado Cash Developers' Legal Defense
2hours ago

Odaily Planet Daily reported that the Solana Policy Institute announced that it has donated $500,000 to the legal defense fund of Tornado Cash developers Roman Storm and Alexey Pertsev. The two were found guilty in a case involving a cryptocurrency mixer and face prison sentences. Pertsev had previously been sentenced to 64 months in prison in the Netherlands for assisting in the laundering of $1.2 billion. Storm was found guilty of unlicensed money transmission in New York this month, but the jury did not reach a consensus on the money laundering and sanctions charges. Solana Policy Institute CEO Miller Whitehouse-Levine said that if developers are prosecuted because neutral tools are abused by others, it will have a chilling effect on the software development industry. The organization also co-signed an open letter from more than 100 crypto companies, calling on legislators to protect the rights of developers in the regulatory framework. (TheBlock)