20min chapter

Bankless cover image

Is DeFi Illegal Now? Tornado Cash Case Update | Jake Chervinsky

Bankless

CHAPTER

Legal Battles and Regulatory Tensions in DeFi

This chapter examines the legal challenges surrounding Tornado Cash, specifically focusing on Alexei Pertsev's conviction and the implications for privacy-preserving technology. It discusses the ongoing conflict between regulatory authorities and the decentralized finance (DeFi) ecosystem, emphasizing concerns over government overreach and potential impacts of upcoming elections on crypto regulation. The speakers highlight the need for the crypto community to resist regulatory pressures while navigating the intricacies of traditional financial systems.

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