The analogy is to pursue surgical mask manufacturers because some people may use the mask to hide their identity while committing crimes. The primary use of the tool is completely legal, privacy.
100% ->
The entire Tornado Cash verdict is completely insane and will turn the legality of building any privacy service on its head.🧵
1. Open-source devs building non-custodial tools can be held responsible for criminal activity when crim. actors cannot be stopped or deanonymized👇
2. TC cannot be classified as a communications service despite the fact that that's exactly what TC is: a tool to communicate transactions between users. It does not matter whether TC took custody of funds. 👇
3. Building an unstoppable privacy system is laid out to suggest criminal intent.👇
4. TC dev was aware of money laundering activity in TC, laid out as intentional participation in the act. 👇
5. Devs are fully responsible when their open source code is used for criminal activity through the development of source code and UIs. 👇
As predicted, the verdict references FATF, which has no regulatory powers and operates with zero democratic oversight. https://www.therage.co/meet-fatf-the-financial-bullies-memberclub/
The assumption that "criminal intent lies with the individuals and not the tools they use" seems void with the TC verdict. This verdict is a full on declaration of war against privacy service in existence.
FYI I am not a legal scholar and this is just my opinion
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