US Congressman Tom Emmer (R-MN) desires solutions from the Treasury Division over the sanctions the company imposed on Twister Money.
In a letter addressed to Treasury’s Janet Yellen on Tuesday, Rep. Emmer highlighted his tackle the sanctions, noting the implication of the US authorities’s transfer to nationwide safety in addition to people’ privateness rights.
The lawmaker shared the letter on Twitter.
Sanctioning ‘privacy-enabling’ code
In line with Rep. Emmer, whereas the Workplace of International Property Management (OFAC)’s sanctions goal illicit funds linked to crypto heists and different cyberattacks, they had been nevertheless distinctive in that the company didn’t levy them “in opposition to an individual or an entity, however in opposition to ‘privacy-enabling’ code.”
The sanctions are thus in opposition to “a impartial, open-source, decentralised know-how,” which raised loads of questions that the Treasury must make clear, he famous.
Emmer desires the US Treasury to clarify whether or not OFAC’s sanctions undertook that the banned Twister Money addresses certainly belong to people. He additionally seeks clarification on precisely who or what entity the company believes controls the blending service’s sensible contracts.
Additionally on his listing of questions is the recourse for customers whose funds are locked, in addition to those that may obtain unsolicited cash from the blacklisted addresses.
OFAC sanctioned Twister Money, a decentralised transaction anonymising platform, early this month over claims it had enabled a number of cash laundering transactions involving North Korea-linked hackers.
The blacklisting has compelled a number of crypto platforms to cease Twister Money performance on their websites, and seen wider outcry over the identical throughout the crypto area following the arrest of a developer within the Netherlands.
