The Stanford Blockchain Club has expressed concerns about the US government's legal pursuit of Tornado Cash developers, Roman Storm and Roman Semenov, using outdated federal money transmission laws. The club argues that applying these laws to modern blockchain technology is inappropriate, as Tornado Cash operates through unchangeable smart contracts, enabling users to maintain control over their tokens without intermediaries. They suggest that this aggressive application of old laws sets a dangerous precedent and undermines democratic processes. The report also highlights the importance of balancing financial privacy with regulatory compliance and warns that heavy regulations could hinder innovation and the US's position as a technology leader. The club calls for clear, future-focused regulations established through democratic means to maintain faith in the legal system and support technological advancement.



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