Hey, Bankless Nation. I put out a tweet last week that said this.

Who can come on bank lists and explain the modern financial surveillance apparatus?

Fadda. Finson. AMLKYC. OFAC. The Black List. The Grey List. How does it all work? Who makes the rules?

But in the space for years, I still don't understand these dark corners. It's very much how I felt coming to this episode.

Needing the financial surveillance 101. I knew it was an octopus. I knew it was this multi-headed hydra.

I had no idea how deep it's roots actually go. And today, we unpack this with legal experts.

Seth Hurtline from the VP of Global Policy at Ledger. And also Michael Mosier.

He actually has spent some time in the belly of the beast at both Finson and OFAC.

Now he's the guy inside the house. Yeah. And now he's on Team Crypto.

So he's got some insider baseball that he's going to tell us as we make sense of this.

This was a really fantastic episode. I know I want to get your comments on this episode.

But before we do, we got a message from our friends and sponsors over at Ave.

David, what does Ave want Bankless listeners to know?

Ave wants you to know that Ave V3 is here. And I mean, it's been here.

It's been here for six months. So why does Ave want you to know that V3 is here?

Well, because apparently over a billion dollars of capital doesn't know that because it's still in Ave V2.

Not only that, but there's a button for migrating your capital to Ave V3.

So Ave, if you are a Ave V2 enjoyer, which you are free to because it is permissionless open source technology,

they still want you. Everything gets better if all the liquidity goes to the same place.

So if you are using Ave, but you are using Ave, an old version of Ave,

perhaps consider joining the rest of the crew in Ave V3.

It has more liquidity than Ave V2, but also some extra features as well.

...