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I wonder if I can get you to play Translator for me with the Treasury Department.

Sure. I'll try my best.

That's Jason Bartlett. He's an expert in international sanctions policy.

Among other things, he studies North Korea.

So he was the perfect person to help understand this statement from the Treasury Department from

Early May. It says they sanctioned virtual currency mixer blender.io blender,

which is used by the Democratic People's Republic of Korea, aka North Korea,

to support its malicious cyber activities and money laundering of stolen virtual currency.

I wonder, as an expert on all of this, if you could put that into plain English for me,

what does that mean?

It was a very significant measure by Treasury because it was the first ever designation of

a cryptocurrency mixer. And why that matters is that for the past year and a half,

the Biden administration has really tried to wrap its head around cryptocurrency and how it

is potentially used to finance bad activity.

And if you use crypto to finance shady things like terrorism or nuclear weapons,

...