Coinbase CEO responds to Tornado Cash's partial address removal from sanctions list: Privacy is an important need for legitimate users
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News: Regarding some Tornado Cash addresses being removed from the OFAC sanctions list, Coinbase CEO Brian Armstrong stated: "No one wants bad actors to use cryptocurrency, but privacy is an important function for many law-abiding citizens, and open-source code cannot be sanctioned (this is a free speech issue)—I'm glad to see this issue has been addressed." He added that Coinbase looks forward to working with the Treasury Department to find solutions to combat the approximately 0.1% of illegal activities in cryptocurrency, a proportion far lower than in cash or traditional banking systems, without contradicting U.S. laws and values.
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