The State of Crypto, 2026 Predictions & Espresso's Token Launch | Jill Gunter
This week, Jill Gunter from Espresso joins the show to discuss the state of crypto today. We deep dive into how has crypto evolved, why privacy matters, predictions for 2026, will Espresso launch a token & more. Enjoy!
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Timestamps
(00:00) Introduction
(02:44) The State of Crypto Today
(10:21) How Has Crypto Evolved?
(19:18) Ads (VanEck, Geodnet, Uniswap)
(21:40) Why Privacy Matters
(35:55) Who Wins In Crypto Infra?
(45:56) Crypto's Identity Crisis
(52:52) Predictions For 2026
(55:49) When Will Espresso Launch A Token?
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Disclaimer: Nothing said on Empire is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Santiago, Jason, and our guests may hold positions in the companies, funds, or projects discussed.
DEX in the City: How Privacy in Crypto Makes Everyone's Finances More Secure - Ep. 982
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 Gunter 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:
🚀 00:00 Introduction
⚡️ 3:23 How SEC privacy roundtable marks a sea change in the regulatory approach to crypto
💡 12:39 Why privacy is also important for legacy institutions moving onchain
📍 17:31 How projects and institutions can be compliant while collecting less data
🤧 24:57 Jill recounts being the victim of a hack and seeing the hackers use a privacy protocol
❕️ 30:36 Why Jill says the hack did not change her perspective on crypto privacy
😎 33:30 How far the crypto industry has come since Tornado Cash
⚔️ 35:54 The debate over proof of innocence
⚖️ 42:09 What everyone misunderstood about Do Kwon's sentence
💫 52:24 Shoutout to Save the Children for their innovative Bitcoin initiative
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Are L2s Extensions of Ethereum? | Kyle Samani & Max Resnick vs. David Hoffman & Jill Gunter
Bankless Nation, we’ve got the hottest debate in crypto right now: Are L2s extensions of Ethereum?
On one side, we’ve got Kyle Samani and Max Resnick proposing that the current Ethereum Rollup-Centric Roadmap is off-track. On the other side we’ve got David Hoffman and Jill Gunter defending L2s as successful extensions of Ethereum.
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------ TIMESTAMPS
0:00 Intro 8:54 Defending “Extensions of Ethereum” 16:33 Interoperability Standards 25:36 Are L2s Parasitic to Ethereum? 32:37 ETH Economics & Value Accrual 41:30 Solana vs Ethereum L2s 49:09 Closing Thoughts
------ RESOURCES
Kyle Samani https://x.com/KyleSamani
Max Resnick https://x.com/MaxResnick1
Jill Gunter https://x.com/jillrgunter
------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures
The Chopping Block: Why DeFi May Be Over-Complying With Tornado Cash Sanctions - Ep. 392
Welcome to The Chopping Block! Crypto insiders Haseeb Qureshi and Tom Schmidt chop it up about the latest news in the digital asset industry. In this episode, Jill Gunter, the empress of Espresso, also joined the conversation.
Show topics:
Whether product management is the new consulting
What is going to happen with macroeconomics and whether monetary policy is data-driven
Why Jill’s faith is getting renewed, especially after listening to Fed authorities
The TL;DR on the Ava Labs conspiracy story
Why the industry needs a decentralized RPC
The role of Flashbots and Ethermine in censoring transactions
Potential over-compliance from the biggest crypto projects on how to deal with sanctioned addresses
Whether social slashing allows Ethereum to stay uncensored
The importance of educating regulators on crypto
What Haseeb thinks lawyers would recommend to Coinbase about validating transactions from sanctioned addresses
The significance of both transactional and application-layer privacy
How stablecoin providers need to implement some basic levels of privacy
Why corporations do not run Ethereum and whether users are pro-OFAC restrictions
Hosts
Haseeb Qureshi, managing partner at Dragonfly Capital
https://twitter.com/hosseeb
Tom Schmidt, general partner at Dragonfly Capital
https://twitter.com/tomhschmidt
Guest
Jill Gunter
Twitter: https://twitter.com/jillrgunter
Episode Links
Tornado Cash
Treasury Press release
Tornado Cash developer arrested
Circle freezes USDC in sanctioned wallets
Crypto exchange dYdX blocked accounts that received funds from Tornado Cash
What the sanctions mean for privacy coins
Celebrities get dusted
Previous coverage of the Tornado Cash Sanctions on Unchained:
Is TRM Labs Blocking Addresses From DeFi Protocols? Ari Redbord Says No
Tornado Cash Sanctioned. Did the Government Overstep Its Bounds?
The Chopping Block: Did OFAC Overstep by Sanctioning Tornado Cash?
Ava Labs Accusations:
CoinDesk article
Crypto Leaks article
Social Slashing and Censorship on ETH
Axios summary of the situation
BitMex research on how the sanctions affect Ethereum
Ethermine banning transactions
Nic Carter’s article
Eric Wall’s article on social slashing
Hetzner banning Ethereum users
Previous Coverage on Unchained
Given the Sanctions on Tornado Cash, Is Ethereum Censorship Resistant?
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Your Privacy, Risks, and Rights Following Tornado Cash Sanctions | Jill Gunter & Michael Mosier
The US Treasury's sanctions on Tornado Cash could go down as one of the most significant events in crypto's history. The implications and nuances are vast, so we've decided to do something a little different for today's episode.
On August 12th, Jill Gunter and Michael Mosier from Espresso Systems hosted a Twitter Space on Tornado's sanctions, financial privacy and regulation. We've teamed up with Jill and Michael to share this epic conversation with a wider audience.
This is a massive episode, almost 3 hours, but it's full of profound insights and has an all-star lineup of speakers. I highly recommend listening if you want to learn more about the recent sanctions and where regulation is heading!
Shoutout to @f1v3am and @nedbgq, who provided a recording of the conversation and made this episode possible.
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Resources
Link to the original Twitter Space
https://twitter.com/jillrgunter/status/1558150917387534336
Jill Gunter Talks Crypto's Role in Emerging Markets and Building Scaling Solution Espresso Systems
Jill Gunter is the co-founder and chief strategy officer at scaling solution Espresso Systems and a venture partner at Slow Ventures. She became interested in Bitcoin via her experience with Latin American markets — which is somewhat of a pattern in the space. She was a debt trader at Goldman Sachs, focusing on Argentina and Venezuelan bonds, and saw crypto’s potential to help those in corrupt or repressive regimes. She continued exploring how crypto can help skirt currency controls and enable more global and efficient markets, and we discuss how those themes are playing out right now in the war in Ukraine. We talk about how Jill went from Wall Street to crypto, and from VC to founder. Her latest venture is Espresso Systems, which aims to bring scalability and privacy to web3.
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