Tornado Cash: The Piece Of Code That Sparked A Worldwide Battle For Privacy And Freedom Of Speech

The biggest crypto story of the last week was the US Department of Treasury’s decision to sanction cryptocurrency mixer Tornado Cash. Why did it happen? What does it mean for freedom of speech? What are the implications to ordinary Americans who were using Tornado Cash? What does it have to do with Putin and North Korea? I discussed all of this and more with subject matter experts: Michael Fasanello, a compliance officer, and Seth Hertlein, global head of policy at Ledger.

Read Seth’s Twitter thread on Tornado Cash:

https://mobile.twitter.com/SethHertlein/status/1557442355678117889

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Timestamps:

1:32 Tornado Cash story

2:10 Sea turtle attack

2:55 Meet the guests: Seth Hertlein & Michael Fasanello

3:30 Sanctioning a piece of code

6:20 Illicit transactions with Tornado Cash

8:05 Cash should be banned!

10:20 Tornado Cash developer arrested

12:20 Multi billion fines for violating OFAC

13:10 Violation of free speech

15:50 The timing of Tornado Cash sanctions

20:45 Putin and North Korea

22:10 The role of politics in Tornado case

23:40 The consequences of the sanctions

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