The recent guilty verdict in the Tornado Cash case has ignited discussions on privacy and financial surveillance within the cryptocurrency community. Coin Center Executive Director Valkenburgh, in a conversation with Frank Corva, analyzed the implications of the conviction of Roman Storm for unlicensed money transmission. The case raises concerns about the jurisdictional reach of the Southern District of New York and the potential impact on open source development. The discussion also touched on the Blockchain Regulatory Certainty Act and surveillance issues highlighted in the President's Working Group Report. SEC Commissioner Hester Peirce's support for privacy in digital identity was noted, emphasizing the ongoing debate over the future of privacy in the crypto space. The case underscores the tension between regulatory enforcement and the principles of privacy and decentralization.