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

Published on
August 9th, 2022
49 minutes

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

Crypto Daily Briefing ·
Featuring Ash Bennington, Moritz Seibert and Seth Ginns

Published on: August 9th, 2022 • Duration: 49 minutes

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 Hodlnaut, 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!