Ryan Sean Adams

And there's a question of like, if North Korea uses a protocol like Tornado Cash, or if they use DeFi, or if they use Ethereum, or if they use Bitcoin, are the developers who made these tools responsible in any way when bad guys use their tools?

Have you thought about this?

I'm not sure.

Does your privacy 70-page paper cover this?

And what do you think the government actually thinks about this?

Because on the one hand, they're saying things like code is not a crime.

But on the other hand, they're also prosecuting Roman Storm.

And so I think the community is somewhat confused as to what the U.S.

government's perspective on this is.

One thing I just want to clarify is, you know, David's framing in terms of bad guys and good guys, you know,

it may not always be the case that your government is the good guy.

And this is the entire reason we have the Bill of Rights and the Constitution and civil liberties and things like decentralized technology, like Ethereum and Bitcoin, is because when the government actually becomes the bad guys, you need freedom tools to resist their badness.

And, you know, so far we've talked in terms of good guys and bad guys.

I just want to make it clear that the entire purpose of this technology and this movement is to have the freedom to escape centralized authorities as they become bad guys and as they move across that spectrum.

Yeah.

One question I wanted to ask you about the Iran case and the IRGC specifically is why in the world they were using Tether and Tron because it seemed incredibly obvious in 2026 that they're just asking to get their assets frozen.

And if their next maneuver is just going to be to do the thing that North Korea does, which is move their assets to something like Bitcoin,

And then if they move their assets to Bitcoin and they accept the volatility, I mean, less volatile than their local currency, we might point out much less volatile.

What do nation states do as a reaction to that?

So the US government is the most powerful nation state in the world.