Here we are going to explore how true this narrative really is.
The Tornado Cash developer Alexey Pertsev, arrested in the Netherlands, is still in jail. And people from all over the cryptocurrency space have long characterized this as a "war on code" where someone is getting in trouble for writing and publishing open source software.
For reference here are the prosecutors comments (in Dutch, Google translated below), here is the Tornado Cash blog and here is a related (now deleted) blog you can find on the Wayback Machine.
Crypto audits have evolved from catching real bugs to listing quantum computing risks and noting that "code quality could be improved." As programmers got better at avoiding basic mistakes, auditors started padding reports with generic warnings, leaving the actual risks buried or ignored entirely.
RWA tokenization isn’t waiting for adoption; it’s waiting for demand. The winners are emerging where yield, efficiency, and balance-sheet logic already exist, not where narratives are loudest.
The next phase of Bitcoin’s evolution is not about leverage or yield chasing, but about using BTC as credible collateral, security, and economic infrastructure.
Asia-Pacific volumes rose about 20% year on year, helping push OKX’s regulated market trading up 53x as user wallets and onchain activity expanded sharply.
Trump’s Davos pivot reignited Bitcoin’s rally and risk appetite, but beneath the bounce, historical halving patterns, shrinking returns, and rising institutional dominance suggest a very different crypto cycle from 2016.
Financial Secretary announces regulatory progress at Davos as city positions for tokenized asset growth
Bitcoin dips below $88K as tariff threats trigger risk-off rotation into gold and silver
Dutch registration enables cross-border token offerings as protocol expands into tokenized real-world assets
