The slated roundtable discussion comes as privacy experiences a renewed focus from crypto industry executives and civil liberties activists.
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The US Securities and Exchange Commission’s Crypto Task Force has scheduled a roundtable discussion centered on privacy and financial surveillance for December, as a renewed focus on privacy grips the cryptocurrency industry.
The privacy is slated for Dec. 15. Like other SEC roundtables, crypto industry executives and SEC officials will discuss common pain points and solutions, but no hard policy proposals will be submitted.
Privacy has become a hot-button topic following several developments, including the in Tornado Cash developer Roman Storm’s trial in June, the in November and the over the last two months.
“Authoritarians thrive when people have no privacy. When those in charge start being hostile to privacy protections, it is a major red flag,” Naomi Brockwell, founder of the Ludlow Institute, an organization advocating for liberty through technology.
The renewed interest in privacy hearkens back to , and one of the core reasons the cryptographic technology that underpins crypto was invented — to ensure secure communication channels between parties in hostile environments.
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The verdict in the Storm trial and other cases where open-source software developers have been convicted or imprisoned for creating non-custodial, privacy-preserving protocols has in the US, legal experts have said.
Crypto industry executives and advocates argue that the prosecutions are meant to dissuade developers from building privacy-preserving tools.
The verdict in the Samourai Wallet case is analogous to the US government accusing car manufacturer Toyota of a conspiracy because terrorists and criminals also use their cars, according to journalist and crypto advocate Lola Leetz.
“People should not be held accountable for what other people do with the tools they build,” Leetz .
In August, Matthew Galeotti, the acting assistant attorney general for the Department of Justice’s criminal division, signaled the agency would no longer prosecute open-source software developers for writing code.
“Our view is that merely writing code, without ill intent, is not a crime,” Galeotti . “The department will not use indictments as a law-making tool. The department should not leave innovators guessing as to what could lead to criminal prosecution.”
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