Former United States Securities and Trade Fee (SEC) Chair and appearing U.S. Lawyer for the Southern District of New York, Jay Clayton, issued an announcement following the conviction of Twister Money developer Roman Storm on Tuesday.
Jay Clayton Speaks Out On Twister Money Verdict
Within the August 6 assertion, Clayton vowed that SDNY is “dedicated to holding accountable” individuals who “exploit rising applied sciences to commit crime.”
Founding father of Twister Money convicted. “The pace, effectivity, and performance of stablecoins and different digital belongings supply nice promise, however that promise can’t be an excuse for criminality,” mentioned USA Jay Clayton. https://t.co/NbA3B7SVDI
— US Lawyer SDNY (@SDNYnews) August 6, 2025
“Roman Storm and Twister Money offered a service for North Korean hackers and different criminals to maneuver and conceal greater than $1 billion of soiled cash,” mentioned U.S. Lawyer Jay Clayton.
“The pace, effectivity, and performance of stablecoins and different digital belongings supply nice promise, however that promise can’t be an excuse for criminality,” he added. “Criminals who use new know-how to commit age-old crimes, together with hiding soiled cash, undermine the general public belief, and unfairly solid a shadow on the numerous innovators who function lawfully.”
Roman Storm’s Sentencing Date Has But To Be Set
Clayton’s assertion comes shortly after Storm was convicted on one rely of working an unlicensed cash transmitting enterprise.
Nevertheless, the jury was unable to succeed in a consensus on the cost of conspiracy to commit cash laundering and sanctions violations, leading to a partial mistrial.
Storm is at the moment going through 5 years in federal jail for the cash transmitting cost, although his sentencing date has but to be set.
Storm and his fellow Twister Money co-founder, Roman Semenov, have been indicted in August 2023 on felony fees tied to the crypto mixer, sparking debate over whether or not the know-how was merely a privateness instrument or one thing extra nefarious.
Storm rallied help from crypto privateness advocates within the lead-up to his trial, calling his authorized battle certainly one of “equity, open-source, and freedom.”
In response to the Free Roman Storm web site, contributions to Storm’s protection have exceeded $4.7 million, practically reaching his $5 million purpose.
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