🔒 Tornado Cash is automated computer software designed to anonymise the sender and receiver of a financial transaction. The perfect tool for laundering money. But was it written for this purpose?
This article is written exclusively for Premium Subscribers.Subscribe to Premium
The Debate Over Tornado Cash Sanctions Continue...
It's Just Code: Remember last week I wrote about Tornado Case, the computer code that anonymises financial transaction in the crypto space?
- IMHO, the US Treasury sanctioning computer code is a wrong move. Now it seems that a US lawmaker takes the same POV as me!
US Congressman Tom Emmer has written in a letter to Janet Yellan, the US Treasury Secretary, saying “the growing adoption of decentralised technology will raise new challenges” for regulators.
I rarely find a reason to side with a Republican politician, but on this occasion, I have.
Here is Congressman Emmer's letter to US Secretary Yellen. I've marked a few relevant passages.