Odaily News Tornado Cash co-founder Roman Storm will go to trial on July 14. The U.S. Attorney's Office for the Southern District of New York said on Thursday that it would not move forward with some charges related to "unlicensed money transmission business", but would still file lawsuits for "money laundering", "partial unlicensed transmission" and "conspiracy to violate the International Emergency Economic Powers Act". The DeFi Education Fund said: "Although this is consistent with the April 2025 Department of Justice memorandum, which called for an end to 'prosecution instead of regulation' and stopped prosecuting registration violations, it does not completely correct the Department of Justice's mistakes in this case." Coin Center Executive Director Peter Van Valkenburgh also expressed disappointment: "This criminal law provision is ambiguous with the Bank Secrecy Act, and the principle of lenient interpretation should be invoked to rule in favor of the defendant."