Judge Katherine Polk Failla Sets October 26 Date In Tornado Cash Roman Storm Case

CryptoFrontNews
  • Judge sets tentative retrial date as acquittal motion decision will determine whether case proceeds or ends.

  • Jury deadlock left key charges unresolved, prompting prosecutors to seek retrial on laundering and sanctions counts.

  • Defense argues protocol neutrality and free speech, while prosecutors allege facilitation of illicit transactions.

A New York federal court has tentatively set October 26, 2026, for a possible retrial of Tornado Cash co-founder Roman Storm, according to Eleanor Terrett. Judge Katherine Polk Failla scheduled the date while reviewing Storm’s motion for acquittal. The decision will determine whether the case proceeds after earlier mixed jury outcomes.

Court Ties Retrial to Pending Acquittal Ruling

Judge Katherine Polk Failla is still considering Storm’s motion filed under Criminal Rule 29. The motion seeks to overturn his conviction for conspiracy to operate an unlicensed money transmitting business. According to the docket, the retrial will only proceed if the judge denies that request.

Notably, the court has already adjusted its fall calendar to accommodate the case. This move signals preparation despite no ruling on the motion. As a result, both outcomes remain active within the court’s schedule.

Prior Trial Left Key Charges Unresolved

The timeline follows an April 9, 2026 hearing where arguments were presented. Storm’s legal team challenged the sufficiency of the prosecution’s evidence during that session. However, prosecutors also requested a retrial on two unresolved charges.

Those charges include conspiracy to commit money laundering and conspiracy to violate U.S. sanctions. The jury previously failed to reach a unanimous verdict on both counts. As a result, the court declared a partial mistrial on those charges.

Arguments Highlight Dispute Over Protocol Role

During proceedings, Storm’s attorneys argued Tornado Cash operates as a non-custodial protocol. They said he lacked control over transactions and did not intend criminal use. They also raised First Amendment concerns tied to software publication.

However, prosecutors disputed that position. They argued Storm facilitated and profited from illicit activity conducted through the platform. Authorities claim the protocol processed over $1 billion in illegal funds, including transactions linked to North Korea’s Lazarus Group.

Meanwhile, industry figures attended the hearing and commented on the case. Patrick Wilson and Amanda Tuminelli noted the court’s detailed questioning. According to Terrett, no timeline has been given for the final ruling.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

Study Finds Only 3% of Polymarket Traders Are Skilled, Capturing Over 30% of Gains

Gate News message, April 26 — A new academic paper analyzing Polymarket transactions from 2023 through 2025 concludes that the platform's accuracy reflects "the wisdom of an informed minority, not the wisdom of the crowd." The research, revised April 25 by scholars from London Business School and

GateNews2h ago

US Sanctions Iran-Linked Crypto Wallets Holding $344M Frozen by Tether

U.S. Treasury Secretary Scott Bessent announced sanctions on multiple wallets linked to Iran as part of President Donald Trump's efforts to increase economic pressure on the country amid an ongoing ceasefire, according to CNN. The action followed Tether's freeze of $344 million in USDT on Tron,

CryptoFrontier3h ago

CFTC Faces Enforcement Crisis as 24% Staff Cuts Hit Insider Trading Oversight in Crypto and Prediction Markets

Gate News message, April 26 — The U.S. Commodity Futures Trading Commission (CFTC) has cut 24% of its workforce since Donald Trump returned to office, leaving the agency at its lowest staffing level in 15 years amid growing insider-trading risks across crypto, oil futures, and prediction markets. Th

GateNews3h ago

Brazil Bans Polymarket, Kalshi, 26 Other Prediction Platforms

Brazil has enacted a sweeping ban on prediction markets and betting platforms, according to local media and government filings. The two leading prediction markets, Polymarket and Kalshi, were confirmed inaccessible to researchers based in the country, with the Banco Central do Brasil publishing a fo

CryptoFrontier4h ago

22-Year-Old Sentenced to 70 Months for $263M Crypto Theft Laundering

## Sentencing and Charges California resident Evan Tangeman, 22, was sentenced on Friday to 70 months in federal prison for his role laundering proceeds from a multi-state cryptocurrency theft ring that stole around $263 million in digital assets from victims, according to the U.S. Department of Ju

CryptoFrontier5h ago

Justin Sun Skips Trump Memecoin Event Amid Legal Dispute with World Liberty

Gate News message, April 26 — Justin Sun, one of the largest investors in the TRUMP token, notably did not attend a memecoin-themed event hosted by US President Donald Trump at Mar-a-Lago in Florida this year, marking a significant shift from his prominent appearance at a similar event last year. T

GateNews6h ago
Comment
0/400
No comments