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Crypto Firms Fight Regulatory Battles on Multiple Fronts

Tuesday, March 10, 2026 · from 2 podcasts, 3 episodes
Bitcoin And | Bitcoin & E…Bitcoin And | Bitcoin & E…Bitcoin And
  • Roman Storm faces harsh legal actions in the U.S. for open-source code.
  • Coinbase expands regulated offerings, eyeing European markets.
  • U.S. Treasury acknowledges legitimate uses for crypto mixers, hinting regulatory shifts.

Roman Storm stands trial again, facing up to 40 years for creating open-source code. A controversial move by the U.S. Department of Justice, it's a stark warning to developers. This legal strategy targets Storm for Tornado Cash, despite the Treasury's recent acknowledgment of crypto mixers' legitimate uses.

While the U.S. clamps down, Coinbase expands in Europe. Launching regulated Bitcoin and crypto futures in 26 countries, it taps into a market eager for compliant platforms. This strategic expansion underscores Coinbase's ambition to dominate as an 'exchange for everything'.

Michael Saylor's MicroStrategy also doubled its bet on Bitcoin, buying another 1,420 BTC. Using equity sales, it's a bullish signal despite regulatory pressures. Meanwhile, Strike wins a New York BitLicense, a significant hurdle that scares off smaller firms.

The U.S. Treasury's new stance on crypto mixers is pivotal. It marks a shift from outright condemnation to a nuanced approach. Yet, proposed surveillance laws could extend government reach over digital assets.

Host perspectives highlight the tension between innovation and regulation. While giants like Coinbase and MicroStrategy maneuver successfully, smaller firms face increasingly hostile environments.

Roman Storm, Bitcoin And:

- I will never stop fighting for freedom.

- The two counts equals up to forty years in prison for writing open source code for a protocol I don't control for transactions I never touched.

AdoptionRegulationCrypto Policy

Entities Mentioned

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CoinbaseCompany
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Source Intelligence

What each podcast actually said

Bitcoin And | Bitcoin & Economic News
Bitcoin And | Bitcoin & Economic News

BTC's Golden Ticket | Bitcoin News • Mar 10

  • The Department of Justice is pursuing a second trial against Tornado Cash co-founder Roman Storm on unresolved money laundering charges, which could carry a maximum 40-year sentence.
  • Roman Storm was previously convicted of operating an unlicensed money-transmitting business. Bitcoin & Economic News host argues Storm is being prosecuted for writing open-source code for a protocol he doesn't control, calling him a political martyr.
  • The host characterizes the DOJ's pursuit of a second trial against Storm as political theater, questioning why a potential Trump administration hasn't intervened with a pardon.
  • U.S. authorities are sending conflicting messages, with a DOJ official stating 'writing code is not a crime' and the Treasury acknowledging legitimate privacy uses for mixers, while prosecutors simultaneously push forward with the case against Storm.
  • Coinbase has launched regulated Bitcoin and crypto futures in 26 European countries through its MiFID-registered entity, offering a regulated alternative to offshore platforms.
  • The host frames the dual narratives of the legal battle over code and the race to build regulated financial empires as two sides of the same fight to define the next era of finance.

Also from this episode:

Markets (2)
  • Coinbase's new European futures platform, which includes cash-settled Bitcoin futures and a 'MAG7' crypto-equity index with up to 10x leverage, uses USDC for funding instead of Tether. The host sees this as a regulatory-driven choice.
  • The host speculates Coinbase's European futures launch aligns with its 'exchange for everything' strategy and predicts Elon Musk might attempt to buy the company to integrate it into his 'everything app' vision for X.
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Cypherpunk Day | Bitcoin News • Mar 9

  • The US Treasury's new 32-page report to Congress marks a tactical shift, admitting crypto mixers can serve legitimate privacy needs for lawful users, a recalibration from its 2022 sanction of Tornado Cash.
  • Alongside its privacy acknowledgement, the Treasury seeks new legislative tools including a digital asset-specific 'hold law' to let financial institutions freeze suspicious assets and wants to expand Patriot Act surveillance powers to crypto.
  • The Treasury report tries to thread a needle by distinguishing between custodial mixers, which it says must register, and non-custodial ones, recommending no new restrictions on the latter for now.
  • The Bitcoin And host contrasted Bitcoin's clarity with government opacity, stating, 'The whole point is Bitcoin is clear as crystal, but the US treasury is not clear as crystal.'
  • The host asserted that individuals holding their own Bitcoin keys do not fall under any proposed 'hold law' authority sought by the Treasury.
  • In parallel, 29 US lawmakers are pushing for a permanent legislative ban on a US central bank digital currency, reflecting growing political resistance to programmable government money.
  • The political fight over a CBDC is heating up as Bitcoin's apolitical, predictable monetary rules present a stark alternative to government-controlled, programmable money.

Also from this episode:

Protocol (3)
  • Analysts dismissed the mining of the 20 millionth Bitcoin as a non-event for price, with the Bitcoin And host arguing the predictable, transparent scarcity is the system's core feature, not a catalyst.
  • David Ng of Energy Co said the market is entering a new paradigm of a global asset with nearly zero new supply, a view echoed by Raphael Zaguri of Electron Energy who emphasized the unprecedented clarity of Bitcoin's issuance schedule.
  • The Bitcoin And host stated transaction fees are the only true variable in Bitcoin's future, determined by open market forces rather than opaque code.
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Bitcoin And
Bitcoin And

Strike In New York | Bitcoin News • Mar 6

  • Strike secured a New York BitLicense, a regulatory achievement that previously led many smaller Bitcoin firms to exit the state due to high compliance burdens.
  • Host David Bennett stated that roughly 80% of digital asset firms left New York when the BitLicense regime was first introduced.
  • David Bennett suggests that Strike obtaining the BitLicense demonstrates its scale and willingness to navigate a difficult regulatory environment.

Also from this episode:

BTC Markets (1)
  • David Bennett argues that Bitcoin's market perception as a risk-on speculative asset prevents its true decoupling from traditional financial markets.
Markets (1)
  • David Bennett observed a short-term inverse correlation between Bitcoin and oil prices during U.S. trading hours, linking it to Middle East tensions and the Federal Reserve's inflation response.
Stablecoins (5)
  • Tether led a $7.5 million investment in UTXO, a startup developing infrastructure to settle USDT transactions directly on the Bitcoin blockchain and Lightning Network.
  • Tether's investment in UTXO aims to position Bitcoin as a global settlement layer for USDT, the world's most-used digital dollar.
  • David Bennett expresses skepticism about stablecoins as long-term savings tools but acknowledges their established utility.
  • David Bennett views Tether CEO Paolo Arduino's consistent focus on Bitcoin as a deliberate strategy to solidify Bitcoin's role in global finance.
  • Tether's strategy aims to cement Bitcoin's place in the global financial system, regardless of objections from Bitcoin purists.
BTC MarketsRegulationAdoptionStablecoins

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