# Tornado Cash Conviction

*Author: Bankless*
*Published: Aug 6, 2025*
*Source: https://www.bankless.com/read/tornado-cash-conviction*

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[![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2025/04/image---2025-02-28T141745.574--2-.png)](https://www.bankless.com/sponsor/mantle-1706216729?ref=read/how-cryptos-wall-street-heavyweights-performed-in-q2&email=true)

  
Tornado Cash Conviction

  
  Published on Aug 6, 2025

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**gm Bankless Nation**,
Today, the crypto industry is feeling painfully at odds with the "Crypto President" appointee leading Roman Storm's prosecution.

***Today's Issue*** ⬇️ 

- **☀️ Need to Know: **[***Storm Convicted***](https://www.bankless.com/read/tornado-cashs-roman-storm-found-guilty-on-one-charge-in-partial-verdict)
Roman Storm convicted on single count.
- **🗣️ Analysis:** [***Crypto's Wall Street Q2***](https://www.bankless.com/read/how-cryptos-wall-street-heavyweights-performed-in-q2)
How crypto's publicly listed entities are doing.
- **🎧 Latest Pod:** [***Tom Lee on ETH Dominance***](https://www.bankless.com/podcast/tom-lee-treasuries)
BitMine is betting on the future.

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.  .  .

 
  
    
      
      NEED TO KNOW
    
    
  
  
Roman Storm Convicted
  

  

 

[![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2025/08/Group-14---2025-08-06T183918.164.png)](https://www.bankless.com/dashboard)- 👨‍⚖️** Tornado Cash's Roman Storm Found Guilty on One Charge in Partial Verdict. **Storm's [partial conviction](https://www.bankless.com/read/tornado-cashs-roman-storm-found-guilty-on-one-charge-in-partial-verdict) will almost certainly be appealed by the defense.
- ⚠️** Trump Prosecutors Declare War on Crypto Privacy Software.** Trump appointee Jay Clayton hails Roman Storm conviction as win over '[criminals](https://www.bankless.com/read/trump-regulators-declare-war-on-crypto-privacy-software).'
- 🏦 **Trump Set to Sign Executive Order Protecting Crypto From Debanking.** The order [aims](https://www.bankless.com/read/trump-set-to-sign-executive-order-protecting-crypto-from-debanking) to stop banks from cutting off crypto companies over politics or industry bias.
📸**Daily Market Snapshot: **Markets calmed and crypto inched higher Wednesday following yesterday's market-wide slump. Crypto's memecoin sphere continued to embrace volatility with top gainers and losers in the sector diverging wildly today.

Prices as of 7pm ET
24hr
7d

 

       ![](https://banklesspublic.b-cdn.net/cmc.png)
    

  **Crypto**
   
          $3.71T
       

  
    
    ↘ 1.9% 
  

   
    
    ↘ 4.6% 
    
  

       ![](https://banklesspublic.b-cdn.net/btc.png)
    

  **BTC**
   
          $115,046
       

  
    
    ↗ 0.9% 
  

   
    
    ↘ 2.1% 
    
  

       ![](https://banklesspublic.b-cdn.net/eth.png)
    

  **ETH**
   
          $3,677
       

  
    
    ↗ 1.8% 
  

   
    
    ↘ 2.9%
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