This week, privacy is centerstage in crypto. The Roman Storm trial serves as a reminder of the heated ongoing battle for privacy happening right now. SEC Commissioner @HesterPeirce said “where, by design or deficiency, the law will not protect us, technology might,” referencing zk-proofs, privacy pools, and mixers. Meanwhile, the tools our industry is building are improving rapidly, in search of better answers to fundamental questions about privacy. How do you give people the ability to transact privately with a technology that is fundamentally transparent and traceable? How do we find balance between privacy and mixing? How can we do so that we don’t obfuscate or abet the transactions of malicious actors? How do we build privacy-preserving blockchains that enable trust with whom we transact? @pumpernikhil joined us recently to discuss @0xPredicate and shared his thoughts. “Philosophically one of my reasons for why I got interested in blockchains and crypto was on privacy.” “In the past, you [did] some type of identity verification and share[d] all of your information. I think that's the wrong way to do it.” “The world we have to envision is a bottoms up view around how we enforce our own requirements for privacy.” “I don't think this means that I should be giving up KYC the entire time.”

@pumpernikhil explains how @0xPredicate is building policy infrastructure for organizations who care about privacy. “We allow any organization or developer to set programmatic rules for what can go through their onchain financial application.” This is a prerequisite for crypto rails becoming “the global financial settlement system.”