US Presidential Hopefuls Delve into Crypto Issues at Stand With Crypto Event
U.S. presidential candidates recently engaged in an in-depth discussion on cryptocurrency matters at the Stand with Crypto event, part of Coinbase's grassroots initiative.
Asa Hutchinson and Vivek Ramaswamy from the Republican side, and Democrat Dean Phillips, interacted with CoinDesk at the event held at the New Hampshire Institute of Politics at St. Anselm College.
The conversation notably touched on Tornado Cash, especially highlighted by Ramaswamy.
Last year, a judge sided with the Treasury Department's sanctioning of the crypto mixer, sparking debate in the crypto industry over the legality and constitutionality of such actions, as Tornado Cash is software, not a person.
Ramaswamy likened code to a form of speech, opposing the penalisation of entire protocols or business methods, favouring action against individual wrongdoers instead.
Surprisingly, cryptocurrencies featured in the recent Republican presidential debate, with topics ranging from Binance and ex-FTX CEO Sam Bankman-Fried to SEC Chair Gary Gensler.
Prospective regulatory measures
Phillips, questioned about interim measures for crypto businesses pending new legislation, expressed interest in the FIT 21 bill from the House Financial Services Committee.
He highlighted the importance of privacy in crypto but cautioned against its nefarious use.
Established for the long term
Hutchinson declared his commitment to the crypto industry's growth in America, emphasising the need for clear rules, consumer confidence, coding freedom, and affordable energy.
"I want to assure you that I want, under my administration, to make sure that crypto assets, the crypto industry flourishes,"
Hutchinson said.
"Let me repeat that, I want the crypto industry to flourish in America and that the United States will lead."
The current polls show former President Donald Trump leading the Republican candidates, followed by Ron DeSantis, Nikki Haley, Ramaswamy, Chris Christie, and Hutchinson.
For the Democrats, President Joe Biden leads, with Marianne Williamson and Phillips trailing.
More news about tornado crypto
- Jan 25, 2024 3:05 amWhy Tornado Cash Remains the Most Pivotal Legal Case in CryptoEdward Snowden has backed a legal defense campaign for Roman Storm and Alexey Pertsev, coders behind the mixing service. They deserve the support of the crypto community, which has fundamental rights at stake in the case. source: https://www.coindesk.com/consensus-magazine/2024/01/24/why-tornado-cash-remains-the-most-pivotal-legal-case-in-crypto/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
- Apr 20, 2023 6:31 pmTornado Cash developer Alexey Pertsev has been releasedYearn core developer banteg tweeted that Tornado Cash developer Alexey Pertsev has been released.
- Mar 17, 2023 11:34 amPoolz Attackers Transfer $518K Worth of Crypto into Tornado CashAs monitored by PeckShield, the Poolz Finance attackers transferred $518,000 worth of cryptocurrency (approximately 1,134 BNB and 110 ETH) into Tornado Cash.
- Mar 06, 2023 9:09 amTornado Cash Fork Primacy Pools v0 Now Live OptimismAccording to Ameen Soleimani, an early contributor to Tornado Cash, tweeted that Primacy Pools v0, the Tornado Cash fork mixed currency application, has now launched Optimism, and said that this is experimental code, has not been audited, and is not trusted in trusted settings. MolochDAO is planning to provide follow-on funding for future development. Foresight News previously reported that Ameen Soleimani and another developer created Primacy Pools, which allows users to send and receive Ethereum anonymously, and added features that allow users to publicly prove that they are not North Koreans or other types of criminals.
- Feb 09, 2023 8:15 amPayments firm Affirm will shut down its crypto business on March 2 Affirm CryptoPayment company Affirm (AFRM) will close its encryption business Affirm Crypto on March 2 and plans to lay off 19% of its workforce. It is unclear what percentage of these layoffs are related to the encryption business. Previously, Affirm Crypto allowed customers to buy, sell or hold cryptocurrencies.
- Oct 01, 2022 10:22 amTornado Cash developer's appeal rejected by Dutch courtAccording to The Block, Tornado Cash developer Alexey Pertsev's appeal was rejected by a Dutch court and he will remain in prison until at least November 22. In addition, Dutch prosecutors have seized some of Alexey Pertsev's assets, which they plan to sell at auction.
- Sep 23, 2022 8:39 amTornado Cash code has been reuploaded to GitHubThe Tornado Cash code has been reuploaded to GitHub. In August, the U.S. Treasury Department placed Tornado Cash on a sanctions list, barring U.S. citizens from using it. Subsequently, Roman Semenov, the co-founder of Tornado Cash, tweeted that his GitHub account had been suspended after the U.S. Department of the Treasury’s sanctions announcement, the current Tornado Cash repository has also been deleted from GitHub, and the stablecoin issuer Circle has also frozen 75,000 USDC belonging to Tornado Cash users.
- Aug 13, 2022 10:37 amMultiple Crypto Industry Insiders Speak Out About Arrest of Tornado Cash Developer, Saying It Is a Threat to a Free SocietyAccording to The Block, several people in the encryption industry said that the arrest of Tornado Cash developers is a threat to a free society. Ryan Sean Adams, founder of Mythos Capital and Bankless, tweeted about the arrest of Tornado Cash software developer Alexey Pertsev. condemn. He said, "They put a person in jail because bad guys use his open source code. This is untenable in any free society." Adam Cochran, a partner at Cinneamhain Ventures, also said, "Code is free speech. Unless this There is more to the story, otherwise arresting someone for making an abused privacy tool is an act of insane government overreach and an invasion of privacy.” said Stani Kulechov, founder of Aave, “Arrested for writing privacy protection code is Untimely, this arrest targets all the privacy/encryption developers and people using privacy tools online every day."
- Aug 12, 2022 8:11 pmThe Tornado Cash Discord server has been removedThe Tornado Cash Discord server has been removed. Foresight News previously reported that Tornado Cash was included in the OFAC sanctions list by the United States, and Dutch authorities arrested suspected Tornado Cash developers.
- Aug 09, 2022 12:31 amUS Treasury Sanctions Another Crypto Mixer – Tornado CashAfter Blender.io, Tornado Cash joins the lists of sanctioned cryptocurrency mixers.
More news about tornado crypto
![Be[in]Crypto Presents Its Top Seven Altcoin Picks for Sept](https://image.coinlive.com/128x72/cryptotwits-static/d542d3f8e791e1f8e3a6722ddc309bbb.jpeg "image")
