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Скачать или смотреть Tornado Cash Latest Community Fights Back Against Sanctions TVL Dropped

  • Cryptology News
  • 2022-08-16
  • 4
Tornado Cash Latest Community Fights Back Against Sanctions TVL Dropped
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Описание к видео Tornado Cash Latest Community Fights Back Against Sanctions TVL Dropped

An increasing number of crypto and privacy advocates are attempting to fight back against the United States Treasury's decision to ban the popular crypto mixing service Tornado Cash. Most recently, the Electronic Frontier Foundation, a nonprofit organization defending civil liberties in the digital world, has expressed concern regarding the Treasury's sanctions against "an open source computer project.""EFF is deeply concerned that the U. S. Treasury Department has included an open source computer project, Tornado Cash, on its list of sanctioned individuals," the EFF said on Twitter. "Tornado Cash is an open source software project and website that published a decentralized cryptocurrency mixer.""Code has long been recognized as speech, so there are clear First Amendment implications whenever the government inhibits the publication of computer code on a public website."The statement by the EFF comes as GitHub, a Git repository hosting service, suspended the account of Tornado Cash developer Roman Semenov in response to the sanctions and also removed the source code for Tornado Cash. As reported, the US Treasury's Office of Foreign Assets Control (OFAC) has imposed sanctions on Tornado Cash on August 8 for its alleged role in money laundering operations. Initially, some users noted that this move would only punish US users while real criminals can continue to use the mixing service. “This new legislation is only affecting Americans. It is a sanction *on Americans*, but not the alleged bad actors,” ETH advocate and software engineer Adriano Feria said several days ago, adding:“This was a political maneuver, orchestrated behind closed doors, that impacts individual freedoms from law abiding Americans, and which was done without prior notice or presenting clear evidence of the allegations."Furthermore, Coin Center, a crypto non-profit focused on the policy issues facing cryptocurrencies, has announced that it is preparing a court challenge to the ban on Tornado Cash. Jerry Brito and Peter Van Valkenburgh, respectively Coin Center's executive director and director of research, wrote in an August 15 blog post that,"By treating autonomous code as a 'person' OFAC exceeds its statutory authority."In the article, the duo mentioned that the crypto community didn't fight back when the Treasury sanctioned crypto mixer Blender, because it "is an entity that is ultimately under the control of certain individuals."On the other hand, the authors claimed that the statement against Tornado Cash "does not make sense" because "it can’t be said that Tornado Cash is a person subject to sanctions," highlighting the contradiction of calling a smart contract a sanctionable entity."We intend to work with other digital rights advocates to pursue administrative relief. We are also now exploring bringing a challenge to this action in court.


All data is taken from the source: http://cryptonews.com
Article Link: https://cryptonews.com/news/tornado-c...


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