Charles Hoskinson Says Tornado Cash Sanctions Set Extremely Dangerous Precedent
According to Cardano founder Charles Hoskinson, the US government’s prohibition of Tornado Cash sets a hazardous regulatory precedent.
The US Treasury Department banned Americans from utilizing the crypto mixing service earlier last month, citing national security concerns, despite the fact that the department alleges the protocol has been used to launder $7 billion in crypto assets since 2019.
Hoskinson tells his 315,000 YouTube viewers in a new video update that penalizing code because it is being misused may be a breach of free expression.
“The protocol in developer understanding that we have as developers is that when we write code, it’s an expression. As long as we don’t get involved in the running and use of that code for purposes, we’re just writing it, it’s like writing a book.
So for example, you could write a book saying ‘Here’s how you make cyanide’ [or] ‘Here’s how you build a bomb,’ these types of things, and for the most part, that’s just words. You’re not telling people to go do this.
Now in a free society, we generally allow people to do these types of things, and it’s deeply uncomfortable when they start saying no.”
Hoskinson adds that regulators are overdoing it by penalizing Tornado Cash because its developer has never been involved in its use or told others how to use it.
“Basically, they are asserting that software developers are accountable for how their software is used regardless of whether they can control that or not, which is an extremely dangerous precedent.”
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Charles Hoskinson Says Tornado Cash Sanctions Set Extremely Dangerous Precedent
According to Cardano founder Charles Hoskinson, the US government’s prohibition of Tornado Cash sets a hazardous regulatory precedent.
The US Treasury Department banned Americans from utilizing the crypto mixing service earlier last month, citing national security concerns, despite the fact that the department alleges the protocol has been used to launder $7 billion in crypto assets since 2019.
Hoskinson tells his 315,000 YouTube viewers in a new video update that penalizing code because it is being misused may be a breach of free expression.
“The protocol in developer understanding that we have as developers is that when we write code, it’s an expression. As long as we don’t get involved in the running and use of that code for purposes, we’re just writing it, it’s like writing a book.
So for example, you could write a book saying ‘Here’s how you make cyanide’ [or] ‘Here’s how you build a bomb,’ these types of things, and for the most part, that’s just words. You’re not telling people to go do this.
Now in a free society, we generally allow people to do these types of things, and it’s deeply uncomfortable when they start saying no.”
Hoskinson adds that regulators are overdoing it by penalizing Tornado Cash because its developer has never been involved in its use or told others how to use it.
“Basically, they are asserting that software developers are accountable for how their software is used regardless of whether they can control that or not, which is an extremely dangerous precedent.”
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join CoinCu Telegram to keep track of news: https://t.me/coincunews
Follow CoinCu Youtube Channel | Follow CoinCu Facebook page
Harold
CoinCu News
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