The listing of the Tornado Cash cryptocurrency mixer is without precedent and threatens privacy and innovation. This was stated in an interview with CoinDesk by a member of the US House of Representatives, Tom Emmer.
The legislator doubted the correctness of OFAC.
“This is an unprecedented shift in sanctions policy. OFAC's priority is to protect national security. Congress could ask the agency to reiterate its position that sanctioned addresses are controlled by people, not code. It also needs to be explored what this means for privacy rights and innovation,” he said.
According to Emmer, sanctions against Tornado Cash have sparked an internal debate over the industry’s oversight . He told his colleagues that he doubted the quality of this work by the departments.
When it comes to digital assets, it should be up to Congress to determine “what fits the definition of cash, commodities and/or securities” and which agency should be responsible for regulating each, Emmer explained.
The congressman again criticized the policy of the SEC. He noted that the Commission acts as a “body for extortion.”
Emmer predicted no changes to cryptocurrency legislation in the remaining 28 days of Congress this year. He called it “highly likely” that there will be regulatory clarity going forward.
Recall that Kraken CEO Jess Powell called sanctions against Tornado Cash “unconstitutional”.
Earlier, members of the decentralized autonomous organization Tornado DAO called on the community hire a team of lawyers to challenge the blocking of the service in court.
Later, Coin Center, a crypto-industry-oriented human rights organization, announced its intention to challenge the restrictions imposed by the United States.
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