it's honestly hilarious, we basically had true DeFi professionalized to an insane level when you look at Uniswap, Curve, Aave, and Yearn
decentralized/autonomous, transparent, some of the smartest most cypherpunk people on the planet built these things
then everyone just says 'nah fuck that' and reverts to offchain hedgefunds disguised as stablecoins
Our production and streaming partners tracked over 100 million overall streams for today’s tribute to Charlie. This is JUST what they know about. It’s likely much larger.
Over 100 million people just heard the Gospel proclaimed again and again by speaker after speaker. Truly remarkable.
For Charlie 🙏
As I watched the Charlie Kirk memorial, I found myself wrestling with these reflections.
In my lifetime, I don’t think I’ve ever seen something backfire so spectacularly as Tyler Robinson's actions. He thought he was striking a blow against "hate" by assassinating Charlie Kirk but in that twisted moment, he became the very monster he claimed to despise: the epitome of fascist violence, born from rage and delusion.
Instead of muting Kirk's voice, Robinson amplified it a millionfold. What was once a speaker on stage is now a martyr's echo, rallying millions who feel the sting of division in their own lives. His movement is exploding, not because of bullets, but because people see the raw truth: silencing dissent doesn't win hearts; it ignites them.
And that hate he unleashed? It didn't target just one man… it ricocheted straight back, fueling fresh waves of anger toward the echo chambers, the online radicals, and the parties peddling poison. We've all felt that burn: the late-night doomscroll that turns frustration into something darker, the impulse to lash out when words fail. But Robinson? He crossed the line, and now we're left staring at the wreckage.
Tyler Robinson isn't a villain from a movie… he's a total, tragic failure. A 22-year-old kid, radicalized in the shadows of screens, who bet everything on violence and lost it all. If you're out there right now, fists clenched, heart pounding with that same toxic brew of anger and despair... pause. Look at this. Really look. One shot didn't change the world… it just made it louder and angrier. Choose words over weapons. Choose bridges over bullets. Because in the end, the real power isn't in pulling a trigger… it's in rising above the noise and building a better future, together.
The Storm conviction is unacceptable in “the crypto capital of the world.” Here are the necessary steps to right this wrong and protect software developers:
1) DOJ must accept the jury’s refusal to convict on money laundering and sanctions, and must not retry the case
2) DOJ must dismiss the Section 1960 charge, or else Roman must be pardoned
3) Congress must amend Section 1960 to clarify that money transmission requires control of funds and does not apply to the developers of non-custodial software
There is no greater threat to crypto than DOJ’s misguided war on developers, which started under Biden and must stop under Trump. This battle may have been lost, but the war will be won.
The Bank Secrecy Act was built entirely for a paper-based world. But money is now a creature of the internet and we need our laws to respect that. A prime example: we should look to Zero-Knowledge Proofs to eliminate the data dragnet that the BSA forces on every consumer. 1/3
Open source software developers should not be prosecuted for developing privacy code.
We call on @realDonaldTrump to drop the Biden Administration's prosecution of privacy dev Roman Storm.
Sign this letter from @fund_defi and voice your support.
https://t.co/PX1HIlILVw
This shows why a regulatory overhaul is necessary.
The burden of mountains of regulations is why the high speed rail can’t get down in California and the bridge that the ship hit still hasn’t been fixed.
This week, @Interior is dissolving the Federal Consulting Group (FCG), where one government department charges another to broker consulting contracts.
As an example, FCG brokered a $75M contract to design website customer satisfaction surveys, and then attempted to award $830M to conduct similar surveys. The latter contract was discovered by @Interior and DOGE, and cancelled before signature.
Example of the work product:
We now know why @USTreasury was so quiet yesterday. It turns out that the district court's electronic docket was down. Fine-- these things happen. Not so fine--once again they want to ignore Congress' explicit instructions and substitute it's own view of the law on how to reinstate Tornado Cash. 1/3
The Biden DOJ’s unjust prosecution of @rstormsf is the single most important policy issue facing crypto today.
If the DOJ is allowed to imprison software developers who build non-custodial smart contract protocols, crypto dies in the USA.
The Trump DOJ must end this case now.
My name is Roman Storm, and I am one of the founders of Tornado Cash, a non-custodial privacy protocol.
I am being prosecuted for writing open-source code that enables private crypto transactions in a completely non-custodial manner. This prosecution represents a terrifying criminalization of privacy.
The charges against me threaten to criminalize software development itself. If successful, the implications could extend far beyond the crypto industry, impacting every software developer. I face up to 45 years in prison on charges including operating an unlicensed money-transmitting business, conspiracy to commit money laundering, and sanctions evasion.
This case has already had a chilling effect on developers working on software tools. Recently, a developer filed a lawsuit against the DOJ, seeking relief because my case has made them fearful of releasing new software.
https://t.co/kkhXrxJVnI
Additionally, there is significant confusion around the 1960 charge (operating an unlicensed money-transmitting business), as different government agencies have conflicting interpretations of the law.
https://t.co/BRKR0pWTaH
“This prosecution threatens to criminalize software development itself,” said Keri Axel of Waymaker LLP, my legal counsel.
American entrepreneur and politician @VivekGRamaswamy commented, “You can’t go after the developers of code. What you actually need to do is go after individual bad actors who are breaking the laws that already exist.”
https://t.co/WTn1weyoZO
Multiple amicus briefs have been filed in support of my defense by the DeFi Education Fund (@fund_defi), Coin Center (@coincenter), and Blockchain Association (@BlockchainAssn):
https://t.co/467XKatDuP
https://t.co/68p4WcMIP9
https://t.co/kzdZ39Qvrr
The 5th Circuit Court has already ruled that Tornado Cash sanctions were unlawful:
https://t.co/Vp4FACqnn8
However, the DOJ has dismissed this ruling as irrelevant:
https://t.co/tna6p4Nvnr
My trial is set for April 14, 2025.
Don't fret, brother.
Crypto is, and has always been, 99% nonsense grifty garbage/scams/jokes, and 1% fundamental global financial system revolution.
But this 99/1 is based just on quantity of projects.
Considered by market cap, it's more like 75% quality, 25% nonsense. Bitcoin is good. Ethereum is good. Stablecoins are good. Several dozen defi projects are good. Wildly cool technology permeates through all of it, and sound economics underpins its long term growth, though the short term feels often like an appallingly irrational market.
How to cope with this dichotomy?
Embrace the degen frontier and have fun, and recognize that amidst it all, a decentralized financial system is real, is important, and is working. None of it is forced on anyone, after all.
We are building and we are attracting the world toward us... and much of the world simply wants to gamble and have fun. This is okay, and actually provides capital for the important work happening behind the casino.
It is, actually, working.
We are realizing the wildest dreams of those who are into it for all the right reasons, despite the accompanying fantasies of those who aren't.
Just keep building, and build well.
🚨🚨🚨Biden Administration 11:59 PM interpretive rule drop:
TLDR: in order to protect consumers and to avoid a competitive advantage to new forms of electronic fund transfers over traditional ones, the Electronic Funds Transfer Act (EFTA) should be reinterpreted to apply to crypto.
Specifically, "virtual currency wallets" that can hold and transfer fungible tokens and stablecoins should be considered a consumer account that is regulated by the CFPB.
Under this regime, the wallet provider and not the consumer would be responsible for any "unauthorized transfers" including "transfers initiated by a person who obtained a consumer’s access device through fraud or robbery . . . [or] when a bad actor obtains a consumer’s account credential through computer hacking or other forms of cyber theft and uses that credential to steal funds."
Hacked because you tweeted you emailed your seed phrase or believed that fashion model in Malaysia needed 5000 bucks to fly to see you? Don't worry your wallet might have to cover it . . .
Wallet providers also would be required to provide disclosures and terms and conditions when the consumer first uses their product. "The disclosures must include a summary of various consumer rights . . . including the consumer’s liability for unauthorized EFTs, the types of EFTs the consumer may make, limits on the frequency or dollar amount, fees charged by the financial institution, and the error-resolution procedures. . . . also require[d is providing] regular, periodic statements, and change-in-terms notices."
So should wallet providers (both custodial and non-custodial) now be financial institutions for purposes of the EFTA? The CFPB says they don't need to ask the public what they think but are doing so anyway (how courteous of them) through the end of March 2025.
And you thought the Warrenites were done with us, didn't you? Their co-opting of crypto under the banner of consumer protection (who can argue with protecting consumers after all?) won't stop until someone stops it. And that someone is the next President of the United States. So add this to the list of "law by decree" problems that need to be fixed.
https://t.co/gPYXmD1N2H
Social media cheering on the assassination of the UH CEO and OCP 2.0 have me wondering how foolish people truly are.
The proponents will not like living in a world where extreme consequences are dished out without due process.
That blade is double-edged and very, very sharp.