SEC commissioner Peirce defends crypto-private sphere: Tornado cash developer Storm expects judgment against the background of growing concerns about the erosion of the fourth constitutional additive.

SEC commissioner Peirce defends crypto-private sphere: Tornado cash developer Storm expects judgment against the background of growing concerns about the erosion of the fourth constitutional additive.

SEC commissioner Peirce defends data protection rights in the crypto industry

In the current debate about cryptocurrencies and data protection, Hester Peirce, a commissioner of the US Securities and Exchange Commission (SEC), spoke out for the protection of data protection rights in the crypto sector. Her commitment comes at a time when the legal challenges for crypto developers increase, especially in the case of the Tornado cash developer Alexy Pertsev, who is waiting for his judgment.

PEIRCE expressed concerns about the erosion of the fourth constitutional addition, which protects the right to data protection and illegal searches and conflicts. These concerns are particularly relevant in the crypto world, where access and management of information about financial transactions can have a major impact on the privacy of users.

The case of Tornado Cash, a program that enables users to anonymize cryptocurrency transactions, has attracted a lot of attention in recent months. While the security authorities are calling for more strict regulation and surveillance, the supporters of the crypto-private sphere argue that measures for anonymous transaction processing are a fundamental right to privacy.

The developments around Alexey Pertsev and the discussion about the legal challenges that crypto developers face, raise important questions about the limits of regulation and the protection of personal data in the digital financial world. Peirce calls on to find a balancing act between the necessary regulations and the protection of the privacy of users.

Overall, the case of Tornado Cash and the associated legal and ethical questions come into focus the need to protect the rights of everyone involved and at the same time potential risks that can be associated with anonymous transactions.