Tornado Cash gets sanctioned. Is this the start of a government crypto crackdown?
This week, the U.S. Treasury Department announced sanctions on Tornado Cash, a popular ‘mixer’ that allows individuals to do crypto transactions anonymously. Typically, sanctions are placed on individuals and institutions. In this case, the government was sanctioning an open-source software project and a neutral tool used by many. This sets a potentially dangerous precedent, which Alex and Andrew discuss on this week’s episode. Plus the guys talk about the better than expected CPI print and the impact on crypto before finally giving an update on the status of the Merge.