Presidential candidates in the USA commented on the developments in the cryptocurrency industry at the event held the other day.
Republican presidential candidates Asa Hutchinson, Vivek Ramaswamy and Democratic presidential candidate Dean Phillips attended the event.
Ramaswamy in his opening speech cryptocurrency mixer Tornado Cash brought it up. Treasury Department launched Tornado Cash last year. decided to impose sanctions.
Cryptocurrency supporters objected to this decision, which the court also participated in, and declared Tornado Cash a not a person One is software defended.
Ramaswamy, the code in question a “way of speaking” likened and “Let’s take what happened in the Tornado Cash case. “Unlike going after individual bad actors, punishing an entire protocol or an entire way of doing business is illegal and unconstitutional under current law.” said.
to Phillips during Monday’s event. government to introduce new legislation While working, I was asked what crypto businesses should do in the meantime.
Phillips said he would review the bill that advanced in the House Financial Services Committee over the summer regarding the structure of the crypto market.
Hutchinson is “I want to assure you that I want to make sure that crypto assets, the crypto industry, thrive under my management.” saying “Let me repeat, I want the crypto industry to thrive in America and for the United States to lead.” made the statement.
To do this, Hutchinson added, clear rules, “consumer trust,” “coding talent” and affordable energy are needed.