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Is DeFi Illegal Now?

Bankless

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.

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✨ Mint the episode on Zora ✨
https://zora.co/collect/zora:0x0c294913a7596b427add7dcbd6d7bbfc7338d53f/75?referrer=0x077Fe9e96Aa9b20Bd36F1C6290f54F8717C5674E

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TIMESTAMPS

0:00 Intro
4:44 Roman Storm’s Case
12:52 Is DeFi at Risk?
18:20 The Ruling & Its Implications 
21:29 Money Transmission Explained 
25:52 Roman Storm’s Arrest
30:54 Are All DeFi Protocols At Risk? 
36:17 Prosecution of Privacy
43:11 What This Ruling Means & What’s Next
48:41 Best & Worst Case Scenario
53:11 Other Sectors At Risk
57:35 Other Cases
1:03:48 Totalitarian Nightmare
1:08:21 SEC Updates
1:12:00 US Election 2024
1:17:30 Geofencing
1:23:21 Are We Winning & Conclusion

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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

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

Is DeFi Illegal Now? Tornado Cash Case Update

 Get Ready To BUY CRYPTO! SEC IS COMING! 

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IF YOU ARE USING ONE OF THE EXCHANGES LISTED ABOVE OR TALKED ABOUT IN THE VIDEO DO YOUR OWN RESEARCH. EXCHANGES CAN BE RISKY (SO CAN LEVERAGE TRADING). AS ALWAYS CHECK THEIR TERMS AND CONDITIONS AND REMEMBER, YOU DON'T HAVE A PROFIT UNTIL YOU HAVE BTC IN COLD STORAGE OR CASH IN A BANK ACCOUNT!