Crypto Community Responds to Tornado Cash Sanctions, Privacy Advocates Say 'There Are Many Legitimate Reasons to Seek Financial Anonymity' – Privacy Bitcoin News

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Crypto Community Responds to Tornado Cash Sanctions, Privacy Advocates Say 'There Are Many Legitimate Reasons to Seek Financial Anonymity' – Privacy Bitcoin News
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A large number of crypto and privacy advocates have spoken out against the actions the U.S. government has taken so far. TornadoCash

Anonymity is not a crime, and there are many legitimate reasons to seek anonymity in financial transactions. Privacy tools are important to, for example, activists in authoritarian states where revealing financial information could get someone jailed or executed.: “I’m short of words. I’m short of breath. They detained him for writing code. Writing code. These terrorist organizations called traditional nations must be dismantled.

on Friday. “Imagine if road builders were being arrested ‘because criminals use them?’ Or home curtain installers? Wanting privacy should not be considered a crime.”I repeat: a man was arrested for writing code that served as a public good for people to maintain their privacy online.This cannot stand in any free society.The Block Crypto’s VP of research Larry Cermak wondered why other crypto privacy techniques have not been targets of the U.S. government.

Regardless, the ability to write open source code and [the] average user having privacy are among the most important principles in crypto. We need to do all we can to protect the devs that put their security on the line. Fight for the Future explains that people who don’t want their financial history “surveilled by governments, corporations, stalkers, or other bad actors is a legitimate reason to seek privacy-preserving technologies online.” The advocacy group’sWe ask that the Treasury focus more carefully on targeting bad actors — rather than attempting to criminalize building and using privacy tools or the simple act of writing or running open source software code.

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