Is Tornado Cash only the beginning? There are mounting concerns that recent United States government sanctions will become a “slippery slope” for Web3 privacy that could eventually make the entire space “meaningless.”
Chu expressed worry that other privacy protocols like his could wind up in the same crosshairs, which would add more censorship to the point it would “essentially make the entire Web3 space meaningless.”
“It’s quite possible regulators just don’t understand distributed blockchain technology and how open source code can be anywhere. [They] may have actually thought Tornado Cash developers deliberately helped North Korean hackers.”they suspect is involved in money laundering. “They are banning the protocol instead of some people. Essentially this is a piece of code from the Ethereum blockchain.”
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