Uniswap Founder: The Tornado Cash Incident Sets a Negative Precedent, Privacy is Critical to a Normal Society

Aug 10,2022
KingData News: In response to the U.S. Treasury Department's Office of Foreign Assets Control (OFAC) issuing sanctions against Tornado Cash,, Uniswap founder Hayden Adams tweeted, "Privacy is critical for a functional and safe society. Arguments that privacy is only for illegal activity are absurd/dangerous and reminds me of the people that want to make encryption illegal. Sanctioning an immutable smart contract, as opposed to individuals/orgs feels like a big freedom of speech issue and bad precedent. Attacking companies for complying with their local laws and regulations is usually not nearly as helpful as advocating for sensible laws / policy."
Recently, the U.S. Treasury Department placed Tornado Cash on its sanctions list, which prohibits U.S. citizens from using. This indicator provides market updates on Tornado Cash sanctions.
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