Unchained
Unchained
Laura Shin
DEX in the City: How Privacy in Crypto Makes Everyone's Finances More Secure - Ep. 982
53 minutes Posted Dec 18, 2025 at 5:00 pm.
Introduction
How SEC privacy roundtable marks a sea change in the regulatory approach to crypto
Why privacy is also important for legacy institutions moving onchain
How projects and institutions can be compliant while collecting less data
Jill recounts being the victim of a hack and seeing the hackers use a privacy protocol
Why Jill says the hack did not change her perspective on crypto privacy
How far the crypto industry has come since Tornado Cash
The debate over proof of innocence
What everyone misunderstood about Do Kwon's sentence
Shoutout to Save the Children for their innovative Bitcoin initiative
0:00
53:58
Download MP3
Show notes
The SEC this week held a roundtable on financial surveillance and privacy in another sign of the major shift in the regulator's approach to crypto.
In this DEX in the City episode, Espresso co-founder Jill Gunther joins hosts Jessi Brooks and Katherine Kirkpatrick Bos to unpack the major talking points and takeaways from the roundtable. And more importantly, what it signals about the SEC’s approach to crypto and privacy.
With legacy financial institutions coming onchain, like JPMorgan and DTTC, they discuss how crypto can actually help prevent data breaches and have a better product for users and companies alike. 
Interestingly, Jill recounts how she lost $30,000 in an exploit involving crypto mixer Railgun and why she didn’t even try to hide it from regulators at the roundtable. 
Plus, was Do Kwon's sentence excessive? Well, according to Jessi, it’s a complicated question, but she unpacks what people misunderstood about the judge’s decision.
Hosts:
Jessi Brooks, General Counsel at Ribbit Capital
Katherine Kirkpatrick Bos, General Counsel at StarkWare
Guest:
Jill Gunter, Co-founder and Chief Strategy Officer at Espresso Systems
Links:
Unchained:
Why the Privacy Coins Mania Is Much More Than Price Action
Do Kwon Sentenced to 15 Years in Prison
Jessi's and Katherine's paper on programmable risk management
Timestamps:
🚀
⚡️
💡
📍
🤧
❕️
😎
⚔️
⚖️
💫
Learn more about your ad choices. Visit megaphone.fm/adchoices