Why The Ban on Tornado Cash Is Misguided
“Technology is Neutral” — Congressman Emmer
Tornado Cash is automated computer software designed to anonymise the sender and receiver of a financial transaction. The perfect tool for laundering money, you’d think! But was it written for this purpose? And is it right to ban it when it is neither the perpetrator nor beneficiary?
Here’s the issue: The Tornado Cash story raises a challenging question for the Web3 and DeFi community: can DAO members be held liable for the actions of bad actors on a protocol the members develop?
And for regulators and policymakers: the question is simple. What do the rules and regs need to look like in a Web3 world?
The Debate Over The Tornado Cash Sanctions Continues…
It’s Just Code: Last week I wrote this about Tornado Cash, the computer code that anonymises financial transactions in the crypto space.
Well, this week, US Congressman Tom Emmer has written a letter to Janet Yellen, the US…
