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Feb 10
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WATCH
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Peter Van Valkenburgh
Coin Center
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The DOJ is applying "conspiracy to money launder" statutes to software developers who publish code used by criminals, even if the devs don't control the funds. Peter notes this creates "strict liability" for publishing privacy software. Until the "Blockchain Regulatory Certainty Act" (BRCA) or similar legislation passes to explicitly exempt non-custodial software publishers, the legal risk premium on privacy protocols remains extreme. The sector is effectively uninvestable for institutions until this legal "wild goose chase" ends. WATCH (Avoid until regulatory clarity). Legislative failure leads to a permanent ban on privacy tech development in the US. |
Unchained (Chopping Block)
Crypto’s Legal Lines, MegaETH Launched But De...
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Feb 04
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AVOID
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Azeem Khan
Co-founder of Miden
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Khan references the "unfair trial" of Tornado Cash developers but admits that in the current political climate, "privacy is evil" and associated with North Korea/money laundering by regulators. The "taint" mechanism (where interacting with these contracts flags wallets permanently) makes these protocols radioactive for any serious capital or institutional participant. Even if the tech works, the regulatory "social consensus" renders them unusable for the broader economy. These assets face existential regulatory risk and zero path to institutional liquidity. Ideally, a court ruling could reverse sanctions, legitimizing code as free speech (low probability in near term). |
The Block
Is crypto still cypherpunk? With Miden co-fou...
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