US SEC Commissioner Supports Transaction Privacy: Open Source Privacy Software Developers Should Not Be Liable for Code Usage


Hester Peirce, a commissioner of the U.S. Securities and Exchange Commission (SEC), spoke at a blockchain science conference, calling on regulatory agencies to protect the right of individuals to conduct private transactions. She explicitly stated that developers of open-source privacy software should not be held responsible for the actions of others using their code. Against the backdrop of the impending judgment in the case of Roman Storm, co-founder of TornadoCash, Peirce emphasized that privacy protection technology, the right to self-custody of cryptocurrencies, and the rights of open-source privacy software developers should all be protected. She further pointed out that, just as in the 1990s when cryptographers fought to defend private use of strong encryption technology, these technologies are of significant importance to societal development.