“… We will definitely be the crypto capital of the world for regulated ETF Funds, [but] Are we serious about making America the crypto capital of the world for peer-to-peer transactions and individual freedom? We should be. “ -Peter van Valkenburgh
After Tornado Cash co-founder Roman Storm was found guilty of conspiracy to run an unlicensed money that transmits business, and the Samorai-Wing Book Developers accepted a pleasing mention, Peter van Valkenburgh is concerned that the United States may not become crypto-capital in the world. for.
In my interview with Van Valkenburgh, we discussed how the results of Tornado Cash and Samorai Wallet Sager have put the ability of Americans to use Bitcoin and Crypto anonymously in danger.
Furthermore, Van Valkenburgh provoked whether urgent legislation such as Clarity Act, which borrow key language from Blockchain-Lovely Security Act (BRCA), will be enough to protect developers of non-disdained cryptotechnology, some of which are privacy.
He also noticed how the white house’s “Strengthening US leadership in digital financial technology” report requires the passage of BRCA, as he said is the “best way to stop prosecutions like Tornado Cash prosecution in happening [again]. “
Van Valkenburgh added that the money transfer taxes should never once have been brought to Tornado Cash and Samorai-Wing-Book Developers in the first place, when the FINC GUIDE in 2019 clearly states that non-parenting crypto technology should not be classified as money transfer technology.
“To serve a coinjoin server is a bit like driving Craigslist,” explained Van Valkenburgh.
“People meet at Craigslist and do things like exchange value, but Craigslist doesn’t exchange value – they just connect people who even exchange value,” he added.
Van Valkenburgh claimed that this ability for software developers to create technology that helps us citizens anonymize their Bitcoin and Crypto transactions without fear of prosecution is the key to fulfilling President Trump’s vision that the United States will be “crypto capital of the world.”
According to Van Valkenburgh, it is important for modern Americans’ right to individual freedom to be able to use Bitcoin and Crypto mixers as well as other types of non-provocative Bitcoin and cryptotechnology.
Without maintaining this freedom, he argued, the United States is no different from its opponents.
“We will not be America anymore if we have fully monitored economic transactions as they do in China and North Korea,” said Van Valkenburgh.