According to Eleanor Terrett, the White House is anticipated to release a significant report on cryptocurrency this week, a development that could introduce policy-driven volatility to the market. This release coincides with the second week of the trial for Roman Storm, a developer associated with the crypto mixer Tornado Cash. Traders should closely monitor these events, as potential regulatory announcements from the White House report, combined with developments from the high-profile trial, could create significant price swings and uncertainty across the digital asset space.

According to Paul Grewal, a judge has denied Tornado Cash developer Roman Storm's motion to dismiss his case for lack of venue. Grewal reports that the denial was based on the prosecution's claim of a New York-based victim whose hacked funds were allegedly laundered through the protocol, but the final judgment on this issue has been deferred until trial. Importantly, the judge expressed skepticism and shared concerns about the prosecution's proof of venue. Grewal suggests this could form the basis for a compelling Rule 29 motion for acquittal later, signaling a potential weakness in the jurisdictional aspect of the case. This legal development is closely watched by traders as it holds significant implications for the future of DeFi regulations, developer liability, and privacy protocols in the cryptocurrency market.

According to Jake Chervinsky on Twitter, the DOJ's prosecution of Roman Storm highlights ongoing regulatory actions targeting developers of non-custodial smart contract protocols, which could signal increased legal risk for similar DeFi projects. For traders, this development suggests heightened regulatory uncertainty in the DeFi sector, potentially impacting token prices and trading volumes for protocols perceived as vulnerable to enforcement. Monitoring regulatory news and legal outcomes is critical for managing exposure to DeFi-related assets (Source: @jchervinsky, April 28, 2025).

According to Jake Chervinsky, the DOJ clarified in an April 7 memo that it is not a digital assets regulator, which should have influenced the Roman Storm case. However, the Southern District of New York has not aligned with this stance, continuing legal actions. This situation highlights ongoing regulatory challenges in the crypto market, potentially affecting trading sentiment and compliance strategies.