SEC’s Peirce defends transaction privacy as Tornado Cash verdict looms

SEC Commissioner Hester Peirce said developers of open-source privacy software should not have to answer for the actions of others using their software.

US Securities and Exchange Commission (SEC) Commissioner Hester Peirce told an audience of blockchain researchers and practitioners on Monday that lawmakers and regulators need to protect people’s right to transact privately.

Her comments come as Roman Storm’s Tornado Cash trial heads toward a verdict.

Peirce said in a speech at the Science of Blockchain Conference that privacy-protecting technologies and the right to self-custody crypto should be safeguarded, along with the rights of developers of open-source privacy software, who shouldn’t be held responsible for how others use their code.

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