Is TRM Labs Blocking Addresses From DeFi Protocols? Ari Redbord Says No - Ep.387

Published: Aug. 19, 2022, 7:30 a.m.

b"Ari Redbord, Head of Legal and Government Affairs at TRM Labs, talks about the sanctions on Tornado Cash, and the role of blockchain analytics tools in crypto.\\xa0\\n\\xa0\\nShow highlights:\\n\\nAri\\u2019s background as a federal prosecutor and his work for the US Treasury\\n\\nwhy regulators sanctioned Tornado Cash, according to Ari\\n\\nwhy the Ronin hack was important for regulators to start taking DeFi hacks more seriously\\n\\nthe fact that for the first time the Treasury Department sanctioned software\\n\\nwhether the Office of Foreign Assets Control (OFAC) messed up\\n\\nwhether regulators understood the impact on regular users\\n\\nthe role of TRM and blockchain analytics tools in mitigating risk\\n\\nhow decentralized applications use tools like the ones provided by TRM to comply with regulations and to block addresses\\n\\nwhy, if Ari were a regulator, he would focus on regulation guidance\\n\\nwhether the sanctions on Tornado Cash are unconstitutional\\n\\nwhat the future of privacy in crypto looks like and whether the government is going after privacy technologies\\n\\n\\xa0\\nThank you to our sponsors!\\n\\xa0\\n1inch: https://1inch.io/\\nCrypto.com: https://crypto.onelink.me/J9Lg/unconfirmedcardearnfeb2021\\n\\xa0\\nAri\\nTwitter: https://twitter.com/ARedbord\\n\\xa0\\nTornado Cash\\n\\nTreasury Press release:\\xa0\\n\\n https://home.treasury.gov/news/press-releases/jy0916#:~:text=WASHINGTON%20%E2%80%93%20Today%2C%20the%20U.S.%20Department,since%20its%20creation%20in%202019\\n\\nTornado Cash Sanctioned: https://www.coindesk.com/policy/2022/08/08/crypto-mixing-service-tornado-cash-blacklisted-by-us-treasury/\\n\\n\\nDeveloper arrested: https://www.fiod.nl/arrest-of-suspected-developer-of-tornado-cash/\\n\\n\\nTRM Labs blog post:\\xa0\\n\\n https://www.trmlabs.com/post/how-defi-platforms-are-using-data-from-trm-labs-to-respond-to-tornado-cash-sanctions\\n\\nTornado Cash post on compliance: https://tornado-cash.medium.com/tornado-cash-compliance-9abbf254a370\\n\\n\\nCoin Center\\u2019s article authored by Jerry Brito and Peter Van Valkenburgh: https://www.coincenter.org/u-s-treasury-sanction-of-privacy-tools-places-sweeping-restrictions-on-all-americans/\\n\\n\\nSecond Coin Center article authored by Jerry Brito and Peter Van Valkenburgh: https://www.coincenter.org/analysis-what-is-and-what-is-not-a-sanctionable-entity-in-the-tornado-cash-case/\\n\\n\\nCoin Center may challenge the US Treasury's decision to sanction Tornado Cash: https://decrypt.co/107475/coin-center-tornado-cash-ban-court\\n\\n\\nCircle freezes USDC in sanctioned wallets: https://www.theblock.co/post/162172/circle-freezes-usdc-funds-in-tornado-cashs-us-treasury-sanctioned-wallets\\xa0\\n\\nCrypto exchange dYdX blocked accounts that received funds from Tornado Cash: https://www.coindesk.com/business/2022/08/11/crypto-exchange-dydx-blocked-accounts-that-received-even-small-amounts-from-tornado-cash/\\n\\n\\nThe possibility of forking Tornado Cash: https://www.coindesk.com/tech/2022/08/10/cloning-tornado-cash-would-be-easy-but-risky/\\n\\n\\nWhat the sanctions mean for privacy coins: https://www.coindesk.com/layer2/2022/08/09/what-the-tornado-cash-sanction-means-for-privacy-coins/\\n\\n\\nTornado Cash laundered $1.5 billion, according to Elliptic: https://hub.elliptic.co/analysis/tornado-cash-mixer-sanctioned-after-laundering-over-1-5-billion/\\n\\n\\nCelebrities get Dusted: https://decrypt.co/es/107090/tornado-cash-dusts-public-wallets-jimmy-fallon-brian-armstrong-steve-aoki-logan-paul\\n\\n\\nPrevious Coverage of Unchained:\\n\\nTornado Cash Sanctioned. Did the Government Overstep Its Bounds?: https://unchainedpodcast.com/tornado-cash-sanctioned-did-the-government-overstep-its-bounds-ep-384/\\n\\n\\nThe Chopping Block: Did OFAC Overstep by Sanctioning Tornado Cash?: https://unchainedpodcast.com/the-chopping-block-did-ofac-overstep-by-sanctioning-tornado-cash-ep-386/\\n\\n\\n\\xa0** For more episode links and details visit the Unchained website **\\n\\xa0\\nLearn more about your ad choices. Visit megaphone.fm/adchoices"