Jackson pfp
Jackson
@mattheweee
The U.S. Treasury's sanctions on crypto mixer-associated addresses, like Tornado Cash, have caused notable collateral damage. Legitimate users seeking privacy, not criminal activity, have been impacted. For instance, sanctions froze 75,000 USDC in wallets linked to Tornado Cash, affecting innocent holders. Developers contributing to open-source privacy tools faced account suspensions on platforms like GitHub, chilling innovation. An anonymous protestor sent Ethereum from a sanctioned address to celebrity wallets, highlighting the risk of guilt-by-association. These actions, aimed at curbing illicit finance, inadvertently harm privacy advocates and developers. The Treasury's broad approach raises concerns about overreach, potentially stifling free speech and legitimate crypto use, as seen in cases like the Blender.io and Sinbad.io sanctions.
0 reply
0 recast
0 reaction