In this episode, Amira speaks with Kim Donovan (Atlantic Council), whose 15 years of experience in the US government includes roles at FinCEN. They delve into the intricacies of U.S. government tools like sanctions and their impact on the tech and crypto communities. They further discuss the rise in sanctions activity, the controversial designation of Tornado Cash, and the issue of debanking. The conversation also covers the effectiveness and future of sanctions in a digital world, policy shifts between the Trump and Biden administrations, and the pathways for rebuilding trust and fostering better collaboration between the government and the crypto industry.
0:00 – Understanding FinCEN
02:08 – Sanctions and Their Impact
04:08 – The Rise in Sanctions Activity
07:33 – The Tornado Cash Controversy
15:19 – Debanking and Operation Chokepoint
30:40 – Sanctions in the Crypto Context
37:12 – Future of Crypto Regulation
46:35 – Rebuilding Trust Between Treasury and the Crypto Industry
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