Huge support from the crypto community for Tornado Cash… Will the US reconsider banning it?
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Answer Huge support from the crypto community for Tornado Cash… Will the US reconsider banning it?
The recently banned cryptocurrency mixing platform Tornado Cash has received huge support from the crypto community.
And the support was not limited to the crypto community but also to institutions, as the Electronic Frontier Foundation “EFF”, an international digital rights group, questioned the US sanctions imposed on “Tornado Cash.”
EFF is a non-profit organization that aims to expand civil liberties on the Internet.
The Electronic Frontier Foundation (EFF) has won major legal victories against the federal government and its agencies such as the Federal Communications Commission.
It also on one occasion pressured Congress and defeated it.
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Recently, the US Treasury Department’s Office of Foreign Assets Control imposed sanctions on Tornado Cash for money laundering.
Tornado Cash obfuscates blockchain transactions and makes them untraceable.
Tornado Cash receives massive support:
The banned mixer Tornado Cash has received a great deal of support from the crypto community since the ban.
Vitalik Buterin, the founder of Ethereum, revealed that he used Tornado Cash to donate to Ukraine.
Ukraine has seen an influx of cryptocurrency donations amid its war with Russia.
Buterin revealed that he was protecting the identity of the Ukrainians.
Patrick Collins, one of the developers of the Chainlink project, also revealed that the US regulation is playing to the advantage of hackers by blocking privacy tools.
According to him, Tornado Cash, like the Internet, has good and bad uses.
Jake Chervinsky, head of policy at the Blockchain Association, believes that OFAC has crossed the line it has always respected.
The Electronic Frontier Foundation (EFF) argues the US government:
in statement For her, the Electronic Frontier Foundation questioned the move by OFAC to sanction the platform.
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She also wondered how an open source privacy platform could be included in the list of sanctioned people.
It also made a free speech argument against the ban.
According to the EFF, the symbol is freedom of speech.
Such a punishment would violate the First Amendment rights of the people.
Currently, it remains to be seen whether the EFF will force OFAC to reconsider its decision.
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