“…We will definitely be the world’s crypto capital of regulated ETF funds. But are we serious about making America the world’s crypto capital for peer-to-peer transactions and individual freedoms?” -Peter Van Valkenburgh
The developers of Samourai Wallet accepted a plea deal after Tornado Cash co-founder Roman Storm was found guilty of conspiracy to run a licensed money-sending business.
In an interview with Van Valkenburgh, we explained how the results of the Tornado Cash and Samourai Wallet case put Americans at risk the ability to use Bitcoin and crypto anonymously.
Additionally, Van Valkenburgh has nurtured whether it is sufficient to protect developers of non-craftsman cryptographic technology, which is a privacy-enhancing, whether they are pressing for laws like the Clarity Act, which borrows important languages from the Blockchain Regulations Act (BRCA).
He also pointed out how the White House report “Strengthening America’s Leadership in Digital Financial Technology” calls for the passage of the BRCA. He said this is “the best way to stop prosecutions like the tornado cash prosecutors from happening.”
Van Valkenburgh added that money submission fees should not be brought to developers of Tornado Cash and Samourai Wallet at the first location, as Fincen Guidance in 2019 states clearly.
“Working with the Coinjoin server is like running a Craigslist,” explained Van Valkenburgh.
“People meet at Craigslist and do things like exchange values, but Craigslist doesn’t exchange values. They just connect people who exchange themselves,” he added.
Van Valkenburgh argued that this ability to create technologies that help software developers anonymize Bitcoin and crypto transactions without fear of prosecution is key to fulfilling President Trump’s vision of becoming “the world’s crypto capital.”
According to Van Valkenburgh, the ability to use Bitcoin and crypto mixers, as well as other types of non-radical Bitcoin and crypto technologies, is essential to the modern American right to personal freedom.
Without maintaining this freedom, he insisted that the United States is no different from its enemy.
“If financial transactions are fully monitored like China and North Korea, we won’t become America anymore,” Vanbalkenberg said.
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