Cardano founder Charles Hoskinson says the US government banning Tornado Cash is setting a dangerous regulatory precedent.
Earlier this month, the US Treasury Department banned Americans from using the crypto mixing service, citing national security concerns, as the agency claims the protocol was used to launder $7 billion in cash. crypto assets since 2019.
In a new video update, Hoskinson tells his 315,000 YouTube subscribers that penalizing the code for misuse could be a violation of free speech.
“The developer understanding protocol that we have as developers is that when we write code, it’s an expression. Until we get involved in running and using that code for some purpose, we’re just writing it, it’s like writing a book.
So, for example, you could write a book saying “This is how you make cyanide” [or] “This is how you build a bomb”, that kind of stuff, and for the most part, it’s just words. You don’t tell people to go do that.
Now, in a free society, we generally allow people to do this stuff, and it’s deeply uncomfortable when they start saying no.
Hoskinson adds that regulators are going too far in sanctioning Tornado Cash because its developer has never participated in its use or told others how to use it.
“Basically, they’re saying that software developers are responsible for how their software is used whether or not they can control it, which is an extremely dangerous precedent.
For example, if you want to go very far to the extreme, Linux kernel developers create the kernel of an operating system. North Korea could take this kernel, create a proprietary operating system and use it as the operating system for an ICBM (intercontinental ballistic missile).
So, hypothetically, you could say that the Linux kernel maintainers are contributing to North Korea’s nuclear weapons program. You could say that, if you wanted.
So obviously it’s absurd. But the problem is the same legal structure that would allow you to blame the Tornado Cash developer if they weren’t involved in the use and operation of the system, they just wrote the code, could technically be used that way .
Don’t miss a beat – Subscribe to receive crypto email alerts straight to your inbox
Check Price Action
follow us on TwitterFacebook and Telegram
Surf the Daily Hodl Mix
Disclaimer: Opinions expressed on The Daily Hodl are not investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrency or digital assets. Please note that your transfers and transactions are at your own risk and any loss you may incur is your responsibility. The Daily Hodl does not recommend the buying or selling of cryptocurrencies or digital assets, nor is The Daily Hodl an investment adviser. Please note that The Daily Hodl engages in affiliate marketing.
Featured Image: Shutterstock/wacomka/Nikelser Kate