The U.S. Treasury Department’s sanctioning of the Tornado Cash cryptocurrency mixer was an unprecedented move threatening privacy and innovation, according to one U.S. member of Congress. And he thinks Congress should start asking questions.
On CoinDesk TV’s “First Mover” program Thursday, Rep. Tom Emmer (R-Minn.) lays out his concerns with the Treasury Department’s Office of Foreign Asset Control (OFAC) latest moves.
“I didn’t want to make it sound like I’m totally opposed to OFAC looking at this,” said Emmer. “My problem is that this software is controlled by code, not by any person or entity. So if you think about it, the sanctioning of Tornado Cash is an unprecedented shift in the Office of Foreign Asset Control in their sanctioning policy.”
‘Enforcement 40’ for 2020
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