COINBASE V. GOVERNMENT & TORNADO CASH BLACKLIST URGENT NEWS! HODLCast podcast

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Sasha Hodler Today I Podcasting Education

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COINBASE v. GOVERNMENT & TORNADO CASH BLACKLIST URGENT NEWS!

2y ago 15:27

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Content provided by Sasha Hodder. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Sasha Hodder or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ro.player.fm/legal.

Coinbase filed a complaint against OFAC due to the Tornado Cash Sanctions.

Tornado Cash, including the purported entity, the website tornado.cash, 37 smart contracts, and an address that was used to accept donations to develop the project, were added to the OFAC SDN List on August 8, 2022. This was the first ever sanction against open source code. OFAC alleged that the mixer was used to launder money. The lawsuit challenges the addition of Tornado Cash to the SDN List because it’s an unprecedented, overbroad action that exceed’s OFAC’s statutory authority and infringes on their constitutional rights and the ability of law-abiding Americans to engage freely and privately in financial transactions. Appreciate Coinbase stepping up to the plate - even though it’s probably in their financial interest to do this, it’s also good for the overall industry.

This sanction could lead to a slippery slope, and the best time to nip it in the bud is with the first.

Full blog here.

… continue reading

31 episoade

#Sasha Hodler #Today I #Podcasting Education

Artwork

COINBASE v. GOVERNMENT & TORNADO CASH BLACKLIST URGENT NEWS!

published 2y ago

Distribuie

MP3•Pagina episodului

Content provided by Sasha Hodder. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Sasha Hodder or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ro.player.fm/legal.

Coinbase filed a complaint against OFAC due to the Tornado Cash Sanctions.

Tornado Cash, including the purported entity, the website tornado.cash, 37 smart contracts, and an address that was used to accept donations to develop the project, were added to the OFAC SDN List on August 8, 2022. This was the first ever sanction against open source code. OFAC alleged that the mixer was used to launder money. The lawsuit challenges the addition of Tornado Cash to the SDN List because it’s an unprecedented, overbroad action that exceed’s OFAC’s statutory authority and infringes on their constitutional rights and the ability of law-abiding Americans to engage freely and privately in financial transactions. Appreciate Coinbase stepping up to the plate - even though it’s probably in their financial interest to do this, it’s also good for the overall industry.

This sanction could lead to a slippery slope, and the best time to nip it in the bud is with the first.

Full blog here.

… continue reading

31 episoade

#Sasha Hodler #Today I #Podcasting Education

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