The post Donald Trump’s crypto platform is missing one thing appeared on BitcoinEthereumNews.com.

President Biden has been ruthless in his quest to eradicate the crypto industry. Trump should commit to pardoning the developers that Biden imprisoned. The Republican National Convention has approved former president Donald Trump’s new platform for the Republican Party. The vast majority is standard Republican fare, with one big exception: a pro-innovation crypto policy. Trump’s commitment to defend Americans’ rights to mine Bitcoin (BTC), self-custody digital assets, and transact freely are welcome additions to the platform, but there was one piece sorely missing. That was a commitment to protect the developers of decentralized projects from government interference and the threat of criminal prosecution.  The Biden administration has been hostile to crypto companies from Ripple and Coinbase, but it has treated the developers of privacy-preserving technologies far worse. President Joe Biden’s Department of Justice has repeatedly prosecuted software developers for doing little more than building products that some malicious actors happened to use for nefarious purposes. Nowhere has this been more apparent than in the administration’s treatment of Roman Storm and Roman Semenov. Storm and Semenov are two of the developers behind Tornado Cash, a fully decentralized protocol for private transactions on Ether (ETH). After the Tornado Cash protocol was used by bad actors — most notably the North Korean-backed Lazarus Group — to launder hundreds of millions of dollars worth of ETH, the US Treasury Department sanctioned the protocol. While that decision was controversial, it was a far more reasonable response than what happened next. The Department of Justice indicted Storm and Semenov for conspiracy to commit money laundering, conspiracy to commit sanctions violations, and conspiracy to operate an unlicensed money-transmitting business. Semenov has yet to be brought into custody on these charges, but Storm is currently facing trial in New York. Read more Source: https://cointelegraph.com/news/donald-trumps-crypto-platform-missing-one-thing?utm_source=rss_feed&utm_medium=feed&utm_campaign=rss_partner_inbound

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Filed under: News - @ July 21, 2024 7:10 am