[THE BLOCK] Paradigm co-leads $24 million Series A for ZKP infrastructure startup Irreducible
🔥 NEW: EFF files amicus brief in defense of Tornado Cash dev Roman Storm, arguing that prosecuting privacy tool developers threatens free speech and innovation. https://t.co/8lt0fgL1Gx
EFF backs Tornado Cash developer Roman Storm, arguing the case criminalizes privacy software and threatens free speech. Urges court to dismiss charges, warning against labeling anonymity tools as inherently suspect. https://t.co/YVqoi5Mc0I

Paradigm, a prominent cryptocurrency venture capital firm, has pledged $1.25 million to support the legal defense of Roman Storm, a co-founder of Tornado Cash. Storm is facing serious charges, including money laundering, sanctions evasion, and operating an unlicensed money transmitter, which could result in a prison sentence of up to 45 years. The case has raised broader concerns about the implications for developers of privacy-enhancing technologies, with the Electronic Frontier Foundation (EFF) arguing that such prosecutions could chill innovation and free speech. The EFF has filed an amicus brief in support of Storm, emphasizing that labeling anonymity tools as inherently suspect poses a threat to the development of privacy software.



