Roman Storm’s Guilty Verdict: What It Means for Digital Privacy | David Z. Morris

In this episode, David Z. Morris breaks down the Roman Storm trial, explaining Tornado Cash’s origins, the split verdict, and why the case sets a critical precedent for financial privacy. He highlights how the jury’s hung decision reflects deeper debates about decentralization, crypto regulation, and the limits of state power over code. Enjoy!
—
Follow David: https://x.com/davidzmorris
Follow Rizzo: https://x.com/pete_rizzo_
Follow Supply Shock: https://twitter.com/SupplyShockBW
Follow Blockworks: https://twitter.com/Blockworks_

Supply Shock Telegram: https://t.me/+SpmLg6P_QcgxNDcx
Supply Shock Newsletter: https://blockworks.co/newsletter/supplyshock
Supply Shock Survey: https://bitcoinhistorynl.beehiiv.com/forms/979475d9-fb4b-4c13-99af-5037dd5718c6
—
Join us at Digital Asset Summit in London October 13-15. Use code SUPPLY100 for £100 OFF
https://blockworks.co/event/digital-asset-summit-2025-london
—
Ledn is the leading platform for Bitcoin-backed loans, offering a secure and transparent way to unlock liquidity without selling your Bitcoin. Ledn has issued over $9 billion in loans since 2018 and has never lost a single satoshi of client assets, earning a reputation as the name you can trust in the crypto space.
Visit https://www.ledn.io/ to learn more.
—

Timestamps:
00:00 Introduction
03:25 Breaking Down Roman Storm Trial Verdict
05:49 Background of Tornado Cash
09:29 The Arrest and Charges
11:58 Legal Nuances & Defense
14:18 Ledn Ad
14:55 Legal Nuances & Defense
18:51 Journalistic Perspective
26:15 The Importance of Digital Privacy
26:54 Prosecution's Mistakes and Cover-Ups
28:07 The First Witness & Payback.com Scam
31:13 Jury's Deliberation & Technical Challenges
31:51 Ledn Ad
32:37 Jury's Deliberation & Technical Challenges
35:44 Administration's Stance on Crypto Cases
38:54 Appeal Process & Legal Implications
44:28 Future of Financial Privacy
50:09 Final Thoughts

—
Disclaimer: Nothing said on Supply Shock is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are opinions, not financial advice. Hosts and guests may hold positions in the companies, funds, or projects discussed.

#Bitcoin #Crypto #SupplyShock