Overview
- SDNY prosecutors asked Judge Katherine Polk Failla to set an October 5 or 12 retrial on conspiracy to commit money laundering and conspiracy to violate U.S. sanctions.
- The government seeks to retry counts one and three of the superseding indictment, which together carry a potential maximum sentence of up to 40 years.
- A Manhattan jury last August convicted Storm of operating an unlicensed money-transmitting business but deadlocked on the two conspiracy charges after a four-week trial, prompting a mistrial on those counts.
- Treasury recently told Congress that lawful users may employ mixers for financial privacy, a stance that contrasts with the Justice Department’s push to retry a mixer developer.
- Storm said his defense funds are largely exhausted, and supporters are urging policy action including the reintroduced Blockchain Regulatory Certainty Act.