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Tornado Cash co-founder Roman Storm's trial is still scheduled to begin on July 14th

BlockBeats News, July 8th, according to a report by Blockworks, the U.S. Eleventh Circuit Court of Appeals has granted the Treasury Department's and Coin Center's joint motion to dismiss Coin Center's appeal regarding the Tornado Cash sanctions.


This demonstrates a significant shift in the U.S. government's attitude towards the crypto field, as the U.S. government proactively lifted these sanctions as early as March of this year. U.S. government lawyers stated in the motion to dismiss that it was this proactive decision that rendered the case "moot."


This decision did not halt the legal process against Tornado Cash's founder, Roman Storm, whose trial is set to begin next Monday, July 14th.

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In August 2022, Alexey Pertsev, one of the founders of Tornado Cash, was arrested in the Netherlands.
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After being sanctioned by the US Treasury Department, the assets in Tornado Cash decreased by over 60% and the transfer volume also significantly decreased. However, Tornado's TVL is currently around $227.65 million.
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