Conversation

1) I have sympathy for this POV: if you censor communication it breaks a lot: twitter.com/matthuang/stat 2) I *also* think that it's really important that the gateways to the financial world take their duty extremely seriously to prevent financial crimes: ftxpolicy.com/posts/sanction

Quote Tweet

Matt Huang

@matthuang

Sep 9

Paradigm strongly believes that recent OFAC sanctions against Tornado Cash do not require base layer participants (miners, stakers, etc) to censor transactions. Our legal, policy, and research teams lay out our rationale (in collaboration with CCI): paradigm.xyz/2022/09/base-l

Show this thread

4:22 PM · Sep 9, 2022Twitter Web App

Irresponsibly Long Bitcoin

@IrresponsiblyB

Sep 9

Replying to

@SBF_FTX

wen $LUNA perps?

Irresponsibly Long Bitcoin

Replying to

and

damn that was quick. gg

Replying to

I posted the code on my website Code is Speech

Replying to

Can you give it a rest with all the 'regulation is necessary' -- you're almost as bad as the Winklevoss twins. It also seems hypocritical given that you made your fortune in myriad unregulated or grey area investing strategies when the regulators were still asleep.

Replying to

and

For FTX it is necessary. If money laundering investigations showed that FTX was repeatedly found to be the next hop after TC, then FTX would eventually be held liable. This isn't about

@SBF_FTX

necessarily wanting to deal with this, it's about FTX having no choice but to.

Replying to

Censorship does not prevent financial crime in this scenario; Crime always finds a new path, while legitimate users seeking private and effective communication channels are stifled.