logo
episode-header-image
Aug 20
53m 25s

BITCOIN SEASON 2: The Tornado Cash Trial...

COINDESK
About this episode

Reporter David Morris breaks down the Tornado Cash trial, Roman Storm's conviction on money transmission charges, and what this means for crypto privacy and open source developers going forward.


David Z Morris joins us to talk about his extensive coverage of the Tornado Cash trial. We dive deep into Roman Storm's conviction, the legal precedent for privacy tools, and the chilling effects on open source development in crypto.


Subscribe to the newsletter! https://newsletter.blockspacemedia.com


NOTES:

• Jury hung on 2 charges, guilty on 1 MTB charge

• North Korea Lazarus laundered $600M

• No direct OFAC-sanctioned wallets used the service

• Appeal process could take years to resolve


Timestamps:

00:00 Start

00:41 Why the Tornado Cash Story?

05:06 What is Tornado Cash?

11:15 What does Tornado Cash Do?

14:01 Autonomous Smart Contracts

19:34 Run as a Business

23:57 Profits

24:58 Criminal Charges

31:43 Future of Open Source Development

37:15 Advice for Privacy Devs

42:43 Public Perception

46:09 Journalism & Privacy

49:10 What Happens Now?


-

👋Bitcoin Season 2 is produced Blockspace Media, Bitcoin’s first B2B publication in Bitcoin. Follow us on Twitter and check out our newsletter for the best information in Bitcoin mining, Ordinals and tech!



Enjoy the show? Check out our website and newsletter by clicking here.



Questions or want to sponsor? hello@blockspace.media



Up next
Aug 21
Fed Watch: Will Jerome Powell Crash the Crypto Party?
CoinDesk's Jenn Sanasie sits down with Ben Emons, Founder and Chief Investment Officer of FedWatch Advisors, to discuss why the crypto market is feeling "frothy and nervous," what a hawkish or dovish surprise from the Fed would look like, and the critical resistance zones for bit ... Show More
15m 30s
Aug 20
Trump Family Expands Crypto Empire | COINDESK DAILY
Host Jennifer Sanasie breaks down the latest news in the crypto industry as the Trump family extends their crypto bet to Dogecoin.Thumzup Media Corp., which has Donald Trump Jr. as a major shareholder, said it will buy Dogehash Technologies in an all-stock deal, pivoting from dig ... Show More
2m 47s
Aug 19
Bo Hines Joins Tether; Wyoming Launches Stablecoin | COINDESK DAILY
Host Jennifer Sanasie breaks down the latest news in the crypto industry as Bo Hines joins Tether as U.S. strategy advisor.Bo Hines, former White House Crypto Council chief, has joined Tether as U.S. strategy advisor. This comes amid news that the state of Wyoming has launched th ... Show More
2m 43s
Recommended Episodes
Feb 2022
Why One Stablecoin Is Being Backed by Bitcoin
  This episode is sponsored by Nexo, Arculus, and FTX US.   Today on “The Breakdown,” NLW looks at: The latest from Russia, including skepticism about the effectiveness of the first round of sanctions  Updates on Canada’s use of the Emergencies Act to freeze protest-associated ba ... Show More
17m 40s
Feb 2022
Why This Week's House and Senate Hearings Suggest a New Relationship Between Crypto and US Lawmakers
This episode is sponsored by Nexo, Arculus, FTX US and MELD.com.   This week saw a hearing on stablecoins in the House and on crypto in general and the role of the CFTC in specific in the Senate. On this edition of the “Weekly Recap,” NLW argues that both were thoughtful, product ... Show More
15m 55s
Jan 2022
Is Russia Trying to Ban Bitcoin?
This episode is sponsored by Nexo, Abra and FTX US.   NLW covers stories that show the full breadth of the crypto industry in 2022. In the first, he looks at a new report from the Russian central bank advocating a near-total ban on bitcoin and crypto in the country, along with ne ... Show More
14m 5s
Feb 2022
How Bitcoin Helps Marginalized Communities Build Generational Wealth
This episode is sponsored by Nexo, Arculus, and FTX US.   This week on “Long Reads Sunday,” NLW reads “Why Bitcoin Is a Tool for Social Justice” by Charlene Fadirepo.    - Nexo is a powerful, all-in-one crypto platform where you can securely store your crypto. Invest, borrow, exc ... Show More
13m 31s
Feb 2022
Why KPMG's Bitcoin Buy May Be a Bigger Deal Long Term Than Tesla's
This episode is sponsored by Nexo, Arculus, FTX US and MELD.com. KPMG Canada announced Monday it added BTC and ETH to its balance sheet, as well as buying carbon credits to offset its new environmental impact. On today’s episode, NLW explores how the market and crypto community a ... Show More
16m 27s
Apr 2022
The New/Old Bitcoin FUD Cycle
This episode is sponsored by Nexo.io, Arculus and FTX US.    Today on the “Weekly Recap,” NLW looks at two old bitcoin FUDs that came roaring back with a vengeance. The “crypto is for criminals” narrative was built into the assumption that led the European Parliament to vote in f ... Show More
17m 34s
Dec 2024
HIJACKING BITCOIN -- Guy Gotslak
Protect Your Retirement W/ a Gold or Silver IRA: https://www.sgtreportgold.com/ or CALL( 877) 646-5347 - Noble Gold is Who I Trust ------- My Digital Money: The BITCOIN & Crypto IRA Platform For Retirement Investing! https://www.mydigitalmoney.com/   Bitcoin has pulled back sligh ... Show More
32m 45s
Mar 2022
Bitcoin’s Allies in the US Senate Are Increasing
This episode is sponsored by Nexo.io, Arculus and FTX US.   On today’s episode of “The Breakdown,” NLW looks at the news that long-time Bitcoin advocate Sen. Cynthia Lummis (R-Wyo.) is now working with Sen. Kirsten Gillibrand (D-N.Y.) on what aspires to be comprehensive crypto le ... Show More
19m 26s
Feb 2025
The Five Most Important Stories in Crypto This Week
Recorded live with Scott Melker on Friday 1.31.25 Sponsored by: Ledn Need liquidity without selling your Bitcoin? For 6+ years, Ledn has been the trusted choice for Bitcoin-backed lending. With transparency, security, and trust at our core, we help you access your BTC’s wealth wh ... Show More
29m 47s
Feb 2022
Bullish or Bearish? 2022 Markets Started Rough, but It Wasn't Just Crypto
Today on “The Breakdown,” NLW looks at what the first month of the year taught us about what to expect in 2022. Overall, he argues that the most important megatrend was the shift from risk-off to risk-on as the U.S. Federal Reserve looks towards quantitative tightening later in t ... Show More
16m 31s