According to The Block, the Solana Policy Institute has donated $500,000 to the legal defense fund for Tornado Cash developers Roman Storm and Alexey Pertsev. Pertsev was sentenced to 64 months in the Netherlands for aiding a $1.2 billion money‑laundering scheme, while Storm was convicted in New York of unlicensed money transmitting; the jury did not reach unanimous verdicts on the related money‑laundering and sanctions charges. The contribution represents a significant institutional response within the crypto legal landscape, highlighting ongoing regulatory, compliance and litigation considerations for decentralized finance projects and stakeholder risk management.
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Source: https://en.coinotag.com/breakingnews/solana-policy-institute-donates-500k-to-tornado-cash-developers-legal-defense-for-roman-storm-and-alexey-pertsev/