More than 65 organizations across the U.S. crypto sector have urged President Donald Trump to intervene in the prosecution of Tornado Cash developer RomanMore than 65 organizations across the U.S. crypto sector have urged President Donald Trump to intervene in the prosecution of Tornado Cash developer Roman

Trump Urged to Drop Roman Storm Charges by 65+ Crypto Groups

2025/11/21 06:44
4 min read
For feedback or concerns regarding this content, please contact us at crypto.news@mexc.com

More than 65 organizations across the U.S. crypto sector have urged President Donald Trump to intervene in the prosecution of Tornado Cash developer Roman Storm, arguing that the case represents a broader threat to software development and the country’s standing in digital finance.

The joint letter, sent on November 20 and signed by leading industry associations, DeFi builders, investors, and research groups, calls on federal agencies to deliver immediate regulatory and tax clarity while ending what the group describes as “regulation by prosecution.”

Source: Solana Policy Institute

Developers Say Open-Source Code Is Not a Crime as They Push DOJ to End Storm Case

The appeal marks one of the largest coordinated policy pushes from the crypto industry since Trump returned to the White House.

The letter credits the administration for a series of actions over the past year, including the nullification of the IRS broker rule, passage of the GENIUS Act, and the reversal of earlier restrictions on the use of digital assets in retirement plans.

It argues that those steps have opened the door for new economic activity, but says several unresolved issues continue to push developers and businesses overseas.

A central request in the letter is that the Department of Justice dismiss the remaining charges against Roman Storm.

Storm was convicted in August 2025 on one count of conspiracy to operate an unlicensed money transmitting business. The conviction carries a maximum sentence of five years.

The jury did not reach a verdict on two more serious allegations involving money laundering and sanctions violations, resulting in a partial mistrial.

Prosecutors have not yet confirmed whether they will retry him on those counts. Storm remains free on bail while post-trial motions and a possible appeal move forward.

The signatories argue that Storm’s work on Tornado Cash represents the writing of open-source software rather than the operation of a money service.

They point to recent Department of Justice guidance issued earlier this year, which stated that prosecutors should not bring unlicensed money transmitting charges against developers of decentralized software.

While that policy does not apply retroactively, Storm’s lawyers are expected to reference it as part of their ongoing legal challenge.

Advocacy Groups Urge Trump to Prioritize Developer Protections and Modernize Crypto Policy

Pressure from crypto advocacy groups has intensified in recent months. In April, the DeFi Education Fund sent a letter to White House crypto adviser David Sacks calling the Roman Storm case a “lawless prosecution” and warning it could deter developers from building permissionless tools.

That message gained support from industry figures including Fred Ehrsam, Matt Huang, and Tim Beiko, who argued that earlier FinCEN guidance stated noncustodial software developers should not be classified as money transmitters, placing the current case at odds with established policy.

Storm’s legal process is still active. An August court filing set deadlines for post-trial motions through November, while prosecutors said they will later decide whether to retry him on unresolved counts.

According to the Free Roman Storm campaign, supporters have raised $5.3 million of a $7 million goal to fund his defense.

The joint industry letter to President Trump extends beyond Storm’s situation.

It urges the Treasury and IRS to issue long-delayed tax guidance on staking rewards, mining rewards, cross-chain transfers, airdrops, forks, and rebases, areas the groups say have suffered from uncertainty and pushed activity offshore.

The signatories also request confirmation that using crypto as collateral for loans is not taxable and that digital asset donations should receive the same treatment as stock donations.

They further call on the SEC and CFTC to provide interim rules that protect open-source, permissionless development while broader regulatory frameworks remain unfinished.

Updated FinCEN guidance reaffirming that noncustodial blockchain software falls outside the Bank Secrecy Act is also a key demand.

The letter arrives during a period of increased executive focus on digital assets. Trump has already issued pardons to several prominent figures in the sector this year, including Ross Ulbricht, Changpeng Zhao, and Arthur Hayes.

The administration has also framed digital asset growth as a priority for U.S. economic competitiveness and has pushed agencies to adopt a coordinated framework for crypto oversight.

Market Opportunity
OFFICIAL TRUMP Logo
OFFICIAL TRUMP Price(TRUMP)
$2.893
$2.893$2.893
+1.18%
USD
OFFICIAL TRUMP (TRUMP) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact crypto.news@mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

MoneyFlare Launches Free AI Crypto Trading Bot for Fully Automated and Efficient Investing

MoneyFlare Launches Free AI Crypto Trading Bot for Fully Automated and Efficient Investing

LONDON, April 02, 2026 (GLOBE NEWSWIRE) -- The world is currently experiencing an AI revolution, with people searching for the hottest AI tools to improve efficiency
Share
CryptoReporter2026/04/02 20:04
68% of global BTC miners came from the U.S., Russia, and China, Q1 2026

68% of global BTC miners came from the U.S., Russia, and China, Q1 2026

The post 68% of global BTC miners came from the U.S., Russia, and China, Q1 2026 appeared on BitcoinEthereumNews.com. Bitcoin (BTC) hashrate remained largely dominated
Share
BitcoinEthereumNews2026/04/02 18:16
Franklin Templeton CEO Dismisses 50bps Rate Cut Ahead FOMC

Franklin Templeton CEO Dismisses 50bps Rate Cut Ahead FOMC

The post Franklin Templeton CEO Dismisses 50bps Rate Cut Ahead FOMC appeared on BitcoinEthereumNews.com. Franklin Templeton CEO Jenny Johnson has weighed in on whether the Federal Reserve should make a 25 basis points (bps) Fed rate cut or 50 bps cut. This comes ahead of the Fed decision today at today’s FOMC meeting, with the market pricing in a 25 bps cut. Bitcoin and the broader crypto market are currently trading flat ahead of the rate cut decision. Franklin Templeton CEO Weighs In On Potential FOMC Decision In a CNBC interview, Jenny Johnson said that she expects the Fed to make a 25 bps cut today instead of a 50 bps cut. She acknowledged the jobs data, which suggested that the labor market is weakening. However, she noted that this data is backward-looking, indicating that it doesn’t show the current state of the economy. She alluded to the wage growth, which she remarked is an indication of a robust labor market. She added that retail sales are up and that consumers are still spending, despite inflation being sticky at 3%, which makes a case for why the FOMC should opt against a 50-basis-point Fed rate cut. In line with this, the Franklin Templeton CEO said that she would go with a 25 bps rate cut if she were Jerome Powell. She remarked that the Fed still has the October and December FOMC meetings to make further cuts if the incoming data warrants it. Johnson also asserted that the data show a robust economy. However, she noted that there can’t be an argument for no Fed rate cut since Powell already signaled at Jackson Hole that they were likely to lower interest rates at this meeting due to concerns over a weakening labor market. Notably, her comment comes as experts argue for both sides on why the Fed should make a 25 bps cut or…
Share
BitcoinEthereumNews2025/09/18 00:36

$30,000 in PRL + 15,000 USDT

$30,000 in PRL + 15,000 USDT$30,000 in PRL + 15,000 USDT

Deposit & trade PRL to boost your rewards!