Is DeFi Illegal Now? Tornado Cash Case Update | Jake Chervinsky
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Legal Challenges in DeFi: A Deep Dive
This chapter explores the intricate legal landscape surrounding money transmission and the obligations for those labeled as money transmitters under U.S. law. It highlights the serious implications of non-compliance, exemplified by the arrest of a privacy DeFi developer linked to Tornado Cash, and raises concerns about government overreach and the future of software development in the cryptocurrency space. The discussion emphasizes the ongoing legal uncertainties for decentralized finance platforms, particularly regarding privacy, civil liberties, and how existing laws may adapt to this rapidly evolving ecosystem.
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