Last month, the Ministry of Treasury lifted sanctions on a hurricane of criticism. In response, many have returned their invitations to the Trump administration to drop the charges against Rodriguez and William Longjan Hill, the samurai wallet developers currently being tried in the southern region of New York.
What seems to have missed a lot is that the Treasury Reflection on Tornado Cash also revealed the treasury position on privacy services. And don't look good.
Remove a cash from OFAC SDN menu It follows a lawsuit from Tornado Cash users in a local court case in Texas, which has become known as Van Love against the US Treasury, in which the program's penalty was said to be illegal and violated the right to freedom of expression.
The lawsuit went to appeal in the fifth circle, when three judges spent that the sanctions on a program like Tornado Cash were already illegal, as the OFAC SDN list was dedicated to companies, foreign citizens and property – in which the cash of the hurricane was not.
The Fifth Circle, in turn, directed the local court of Texas to grant the plaintiff's partial ruling request, which will be a binding order for the court that a program such as Tornado Cash can be punished under the current penal laws.
Now the Treasury is fighting, in attempts to avoid the ruling that would strip its powers for the non -change privacy program, by saying that the ruling is not required because Tornado Cash was removed from the OFAC list. But without judgment, the agency can continue the software penalties that work like Tornado Cash, and even re -cancel the hurricane itself.
The reflection of the penalties for Tornado Cash has nothing to do with the trial of the Samurai wallet developers, as neither of them is accused of evading the penalties.
But the criminal prosecution of the Tornado Cash Roman Storm is very important in their case, as it may put a precedent for the trial of Rodriguez and Hill, who have been accused of conspiracy to operate an unlicensed money transmission device and conspire to commit money.
Tornado Cash and Samourai Wallet are purely notard software projects, which have long been understood that they are exempt from falling into the framework of the work control work that is usually applied to banks. If the storm is condemned in July, the government will face a much easier time to successfully prosecute Bitcoin developers.
While many were hoping that the new administration would put an end to hunting the witch in the previous administration on the developers of encrypted currencies, it appears that the Treasury in Trump is not favorable to develop the privacy law.
As the fighter Indicate At the end of last year, the pro -kicks administration is not necessarily equal to the management of pro -effective freedom and freedom for finance. It seems that we are now witnessing what this means: While lawsuits are dropped against “Costumes Casinos” such as Coinbase and UISWAP, developers of privacy programs such as Rodriguez and Hill continue to face the prison threat in prison.
The Ministry of Treasury seems to cause this judicial prosecution with its strict position against terrorist financing and electronic crime. As an agency books In announcing the reflection of Tornado Cash sanctions:
“The Treasury is still committed to using our powers to expose and disrupt the ability of the malicious cyber actors to benefit from their criminal activities by exploiting digital assets and the ecosystem of digital assets.”
It appears to be the first, the treasury also issued a warning Users From privacy services, it is reported that “American people should exercise caution before engaging in transactions that represent these risks.”
In an email that deals with the opposite of the sanctions against Tornado Cash, it appears that the Blockchain monitoring company is frequent on the cabinet feelings, and wrote that “organizations with addresses (mixer) must seek to obtain a legal advisor on their responses and obligations on OFAC.”
The messages seem clear: Although it is not officially illegal to use or deal with mixing services, the Treasury is trying to maintain all options open to follow up on the fees against the people participating in the privacy services in the future.
As I argued in many articles printed in Bitcoin, this position should not be a surprise, which is an immediate result of the inclusion of digital assets into American regulatory frameworks. Bitcoin becomes the most important for the government, the more important it is to eradicate any illegal or criminal behavior.
Treasury Secretary Scott Pessient has now argued in the reflection of the Tornado Cash sanctions, saying that “securing the digital asset industry from abuse by North Korea and other illegal actors is necessary to establish an American leadership and ensure that the American people can benefit from financial innovation and integration.”
While North Korea claims that the cryptocurrency is dependent on its operations, the total share of illegal boxes within the coded currency area is the minimum, as it was only 0.14 % of all transactions on the series through the serial analysis itself.
At the same time, the reasons for people use many privacy services. Since every visual treatment on the chain, privacy services help people maintain the history of their transactions and private value networks, which in turn protect their material security.
Jameson Loop also highlights regularly in Bitcoin physical attacks The warehouse, information about your Bitcoin audience may lead to violent invasions at home, kidnapping, and in some cases, killing.
It does not seem that the government's ongoing service campaign is commensurate with the elimination of illegal actors by 0.14 %, but it seems that the Trump administration is not in a hurry to do the right thing to protect Americans and #Freesamourai.
This is a guest post by L0la L33tz. The opinions that are expressed are completely property and do not necessarily reflect the views of BTC Inc or Magazine Bitcoin.
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