Recently, I became aware that several U.S. Congressmen, who are known to have publicly endorsed Bitcoins, may not be aware of current regulations. unfolding prosecution of Samourai Wallet developers Keonne Rodriguez & William Hill
As a Bitcoiner, this is just mind-boggling. Samourai’s current criminal prosecution, and the pertinent prosecutions against Roman SterlingovBitcoin Fog mixer accused. Roman Storm and Roman SemenovTornado cash, a project by two Tornado developers, is one of the biggest legal battles affecting Bitcoin’s use in the private and sovereign sectors.
Roman Storm sits in jail today after being convicted based on zero evidence. It was only unproven statements by Chainalysis, a blockchain analytics company. Samourai, Tornado Cash and their developers are under attack The software developer who developed purely self-custodial software, which in no circumstance could their software be used in, allowed them to control user funds, was prosecuted for money laundering..
This is absurd. Not only is this not in the minds of Congressmen or Congresswomen that claim to be pro Bitcoin, but it is also not loudly discussed.
Let’s change this. I’m calling on every United States citizen reading this to take the form letter below, fill it in appropriately, and send it to your congressman or congresswoman — especially if you are in a district with a representative claiming publicly to be pro-Bitcoin.
The article below is an overview of the topic. Take. The opinions expressed here are those of the authors and not BTC Inc. or Bitcoin Magazine.
[Your Name]
[Your Address]
[City, State, Zipcode]
[Email]
[Phone Number]
[Date]
The Rep [or] Senator [Congressman or Congresswoman’s Name]
[Congressman/Congresswoman’s Address]
[City, State, Zipcode]
Please accept this letter as an expression of concern from a member of the public. [your State]. Please allow me to draw your attention to a matter of great importance regarding criminal prosecutions against open-source developers who write software for Bitcoin and the cryptocurrency ecosystem.
Keonne Rodriquez and William Hill, of Samourai Wallet; Roman Semenov, and Roman Storm, of Tornado Cash are all being charged with various crimes or allegations of conspiring to launder money. These four men did nothing more than produce and distribute open-source software, which was/was freely available for the public.
Decentralized networks, like Bitcoin, are built on the idea that their architecture allows their users to transact and interact with their money by using only open-source software. Using cryptocurrencies this way means that no one but the user has the ability to control or influence the transfer of assets.
These four men did nothing more than produce and run open-source, freely accessible software in order to help end users protect their privacy. Americans have the right to privacy. This includes financial privacy. That is why, under the Bank Secrecy Act, financial institutions are required to safeguard the privacy of American customers’ financial information.
However, Blockchains, by their very definition, are public information stores. Everyone must have the ability to verify and download the complete history of all transactions in a Blockchain. This will allow everyone to ensure the rules for the decentralized network is being adhered to. The history of every transaction. It allows you to show your wealth to anyone you deal with. They can even learn about future transactions.
It is important to keep this information out of the public eye, as it could pose a serious threat to physical safety. As bitcoin’s value increased, incidents of home invasions, kidnappings, or physical attacks to steal bitcoin have become more common.
It is important that users can maintain their anonymity while using networks such as Bitcoin. This will ensure their safety and privacy. Samourai Wallet as well Tornado Cash operate on a self-custodial basis, which means no other entity than users have control over or the ability to influence transactions. The current fees are not actually applicable to any legal entity (i.e. This is because there are no custodial institutions that fall under financial regulation.
Separately, Roman Sterlingov has been convicted in criminal court of operating a custodial mixing service used to achieve privacy on the Bitcoin network. Roman Sterlingov was not convicted of operating the service, which had financial regulations, but only circumstantial evidence. Sterlingov’s lawyer Tor Ekeland has provided many details about the evidence and its doubtfulness.
Please investigate and correct the severe injustices caused by the non-applicability of financial regulations for open-source developers and their complete disregard of the requirement to prove evidence beyond a reasonable doubt in order to obtain a conviction.
[Only include the bold if your congressman/congresswoman is publicly pro-Bitcoin]
It is crucial to preserve freedom and self-control when using Bitcoins and other cryptocurrencies. Your actions as Congressmen should reflect your public statements on Bitcoin.
Sincerely,
[Your Name]
“This article is not financial advice.”
“Always do your own research before making any type of investment.”
“ItsDailyCrypto is not responsible for any activities you perform outside ItsDailyCrypto.”
Source: bitcoinmagazine.com
