#Over 100 Companies Hold Over 830,000 BTC#
According to reports as of June 19, more than 100 companies collectively hold over 830,000 BTC, worth about $86.476 billion.
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Paradigm defends Roman Storm in the court summary
The cryptocurrency investment firm Paradigm has just filed an amicus curiae brief in support of Roman Storm, co-founder of Tornado Cash, ahead of the hearing on July 14. Paradigm argues that the prosecution of Storm is a mistake, as the peer-to-peer software he developed does not violate money transfer laws, contrary to FinCEN guidelines and case law. They warn that the case could seriously impact the future of the software development industry in America.
Storm has been accused of money laundering and violating sanctions while operating Tornado Cash. He is calling for donations of $2 million for legal expenses, of which the Ethereum Foundation has contributed $500,000. In a post on X, Storm asserts that Tornado Cash is decentralized software that cannot be controlled. If he loses the case, he claims "DeFi will die with me." Some charges have been dropped, but prosecutors are still pursuing the remaining charges.