Is DeFi Illegal Now? Tornado Cash Case Update

Today Jake Chervinsky is back on the podcast to discuss Tornado Cash developer Roman Storm's court case and its implications on DeFi and the crypto industry.

Could DeFi be made illegal in the United States? Are DeFi developers going to be prosecuted if criminals use their code? Is it just DeFi? What other sectors could be at risk?

The answers to these and many other questions are discussed in today’s episode.

TIMESTAMPS

0:00 Intro
2:16 Roman Storm’s Case
10:25 Is DeFi at Risk?
15:53 The Ruling & Its Implications
19:02 Money Transmission Explained
23:24 Roman Storm’s Arrest
28:27 Are All DeFi Protocols At Risk?
33:50 Prosecution of Privacy
38:19 What This Ruling Means & What’s Next
43:50 Best & Worst Case Scenario
48:21 Other Sectors At Risk
52:45 Other Cases
58:57 Totalitarian Nightmare
1:03:31 SEC Updates
1:07:10 US Election 2024
1:12:39 Geofencing
1:18:30 Are We Winning & Conclusion

RESOURCES

Jake Chervinsky
https://x.com/jchervinsky

Jake Chervinsky’s Tweet
https://x.com/jchervinsky/status/1839412423096467753

A Practical Guide to Geofencing
https://variant.fund/articles/practical-guide-to-geofencing/

Defend Roman Storm
https://juicebox.money/@defend-roman-storm

Not financial or tax advice. See our investment disclosures here:
https://www.bankless.com/disclosures⁠