“… we will certainly be the capital of the world for regulated ETF funds, [but] Are we seriously intent on making America the capital of the world for peer-to-peer transactions and individual freedom? We should be. “ -Per Van Valkenburgh
After Roman Storm’s Tornado co-founder has been declared guilty of conspiracy to manage a money transmission activity without a license and the developers of the Samourai portfolio have accepted a plea bargain, Peter Van Valkenburgh is concerned that the United States cannot become the capital of the world, at least as regards the transactional privacy and peer-to-peer rights.
In my interview with Van Valkenburgh, we discussed how the results of the cases in cash of Tornado and Samourai put the ability of the Americans to use Bitcoin and Crypto at risk anonymously.
In addition, Van Valkenburgh has raised if pressing legislation such as the Clarity Act, which borrows the key language of the Blockchain Regulatory Certy Act (BRCA), will be sufficient to protect the developers of non-cost-refesa cryptographic technology, some of which are that they are enhancing themselves on privacy.
He also noticed how the “strengthening of American leadership in digital financial technology of the White House” has noticed the passage of the BRCA, who said it is the “best way to stop judicial proceedings such as the accusation in cash of the tornado. [again]. “
Van Valkenburgh added that the accusations of transmission of money should never have been brought against the Tornado Cash and Samourai Wallet developers in the first place, since the 2019 Fincen Guide clearly states that the unbalanced cryptographic technology should not be classified as a money transmission technology.
“The functioning of a coinjain server is a bit like making craigslist,” Van Valkenburgh explained.
“People meet on Craigslist and do things like the exchange value, but Craigslist is not exchanging value – they are only connecting the people who will exchange value on their own,” he added.
Van Valkenburgh claimed that this ability for software developers to create technologies that help US citizens anonymous with bitcoin and crypt transactions without fear that the accusation is the key to satisfying the vision of the United States President Trump who becomes the “cryptographic capital of the world”.
According to Van Valkenburgh, being able to use Bitcoin and Crypto mixers, as well as other types of Bitcoin and Cryptain technology, not gradually, is essential for the right of modern Americans to individual freedom.
Without maintaining this freedom, he supported, the United States are no different from his opponents.
“We will no longer be America if we have completely supervised financial transactions as they do in China and North Korea,” said Van Valkenburgh.
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