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U.S. Treasury Targets Tornado Cash: A Sign of Things to Come?

U.S. Treasury Targets Tornado Cash: A Sign of Things to Come?

A threat to U.S. national security is blacklisted in the government s latest effort to corral crypto.

Raoul Pal: The Journey Man

August 9, 202252m 17s

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Show Notes

The U.S. Treasury Department “blacklisted” Tornado Cash, making it illegal for Americans to transact on the crypto platform, as the government continues to make its hands more visible in the still-emerging industry. What does the crackdown on an entity widely suspected of facilitating illegal activity mean for the bigger ecosystem? Will fallout contaminate the entire crypto space? Ash Bennington and Moritz Seibert track Tornado Cash’s path and also touch on the collapse of Holdnaut, Singapore's leading crypto lender, as well as Galaxy Digital's quarterly loss and Iran’s entry into the crypto game. In today’s main segment, Ash and Moritz break down Moritz's interview with Seth Ginns, the managing partner and head of liquid investments at CoinFund. Ginns explains CoinFund's investment philosophy, describes how it finds alpha, and forecasts what the ETH merge could mean for crypto. Send us your questions in the chat!

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