Thank you @HesterPeirce for correctly recognizing the nature of DeFi technology, and for your relentless advocacy for creating a more open financial system. The BSA is broken. And, noncustodial DeFi technology is fundamentally incompatible with the CeFi-suited regime. DeFi software providers that do not exercise control or custody over user funds should not be improperly classified as intermediaries. Thank you for your efforts. Read more in Commissioner Peirce's speech here:

SEC Commissioner @HesterPeirce delivered an amazing speech today on financial privacy, which included references to Phil Zimmermann’s Pretty Good Privacy (PGP) and Eric Hughes’ A Cypherpunk’s Manifesto. She stated: “Rather than something to be feared, we should embrace these tools’ ability to help humanity live freer lives without unwarranted financial surveillance. People use these tools for bad purposes too, but treating technology as the villain will impinge on legitimate users’ privacy.”

This Sunday. Everything you need to know about the criminal trial against Tornado Cash developer Roman Storm. With @amandatums @tayvano_ @molly0xFFF @_Enoch hosted by @davidzmorris

If you aren't holding your breath waiting for the verdict in the Storm case are you even in crypto?

Excellent breakdown of the President's Working Group report, released today, by @RebeccaRettig1

For those looking to better understand both the potential implications of the Tornado Cash case and the unlicensed money transmitting business charge (18 U.S. Code § 1960), please check out my interview with @amandatums, Executive Director of @fund_defi

This quote from @HesterPeirce - “I certainly want to be able to live in a world where a project can decentralize. But I also want to be in a world where we don't force decentralization at an earlier point than makes sense.”

The government is creating an insane record for a potential appeal if the jury goes sideways here - just throw this one on the pile. If the case ever ends up off these prosecutors’ home turf, hard questions will be asked.

The @fund_defi team is growing! Excited to welcome two new, amazing leaders to the DEF team -- at this critical moment for DeFi in the U.S. and globally, we are continuing to build & strengthen our legal and policy capabilities. 👏