Defending Privacy in Crypto

[AJBot]

Tl;dr: Coinbase is funding a lawsuit brought by six people challenging the U.S. Treasury Department’s sanctions of the Tornado Cash smart contracts and asking the Court to remove them from the U.S. sanctions list. The sanctions exceed Treasury’s authority, harm innocent people, remove privacy and security options for crypto users, and stifle innovation.By Brian Armstrong, CEO and CofounderToday we’re announcing that Coinbase is funding a lawsuit brought by six people challenging the United States Treasury Department’s sanctions of the Tornado Cash smart contracts and asking the Court t ...

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[Shaffy]

As much as privacy is one of the greatest benefits of crypto, it is also one of it's top weaknesses since thieves and hackers can use it to escape the law and steal.

It also makes work difficult for security agents if crime is involved.

 

[frederick_9]

Despite the fact that anonymity is one of crypto's top advantages, it is also one of its biggest drawbacks because thieves and hackers can exploit it to evade the law and steal.

 

[Kvngsammy]

This is a war that I think will go on for a very very long time. The whole truth of things is that the government is seriously seeking means to regularise this industry and the people haven't helped their cause in any way.