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Congressman asks Yellen about Twister Money

Representative Tom Emmer, in a letter to US Treasury Secretary Janet Yellen, questioned for an explanation relating to the sanctions imposed on the Tornado Hard cash mixer.

“The increasing adoption of decentralized technologies will absolutely be a problem OFAC new jobs. Even so, the technological know-how is neutral and the expectation of privacy is also neutral, ”the congressman wrote.

According to him, the sanctions towards the mixer are distinctive in that they are not imposed on a pure or authorized man or woman, but on a privacy code.

“The backend will proceed to functionality as an anonymization technology as prolonged as the Ethereum network is up and managing. Who or which group, in accordance to OFAC, is responsible for introducing control about Tornado Dollars blockchain contracts? “Requested Emmer.

Former associates decentralized autonomous organization Tornado DAO termed the neighborhood hire a staff of legal professionals challenge the services block.

Later intent obstacle the restrictions imposed by the United States said the protection group concentrated on the crypto-sector Coin Centre.

Let’s remember not too long ago Tom Emmer identified as unprecedented penalties versus Twister Hard cash and threatening privateness and innovation.

Related opinion expressed Jess Powell, CEO of Kraken.

Browse the ForkLog bitcoin information in our TelegramNews, programs and assessment on cryptocurrencies.

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