This very sanction is against a tech called “Tornado Cash” which is not an organization or person. If somebody forks the protocol and renames it, and everybody uses it in place of TC, it will probably be under scrutiny by US treasury.
I'd wager it'll end up getting treated like a machine gun. As soon as something too recognizably close to it pops up again, onto the list it goes. In fact, now that I think on it, I could see a case whereby an Office to monitor new smart contracts pops into existence that categorizes pieces of logic such that usage thereof requires some form of bureaucracy.
The "if the U.S. government publishes smart contracts, I win" --Vitalik Buterin or whoever snark may not be as far fetched once tooling is bettee understood.
Humorously enough, ATF already has more than enough experience at that of enforcement (surveiling new designs and classifying new works as NFA/non-NFA) for it to not be converged upon as a potential model for regulation of such logical constructs.
Throw im some aggravating statutory enhancements for any crimes to which cryptocurrency mixing is found to be a component, and you've got a recipe for at least ensuring normal folk in U.S. jurisdictions tend to stay away from it.
...Good God. I hate this. Please don't make me right on half of these guesses.
salawat|3 years ago
The "if the U.S. government publishes smart contracts, I win" --Vitalik Buterin or whoever snark may not be as far fetched once tooling is bettee understood.
Humorously enough, ATF already has more than enough experience at that of enforcement (surveiling new designs and classifying new works as NFA/non-NFA) for it to not be converged upon as a potential model for regulation of such logical constructs.
Throw im some aggravating statutory enhancements for any crimes to which cryptocurrency mixing is found to be a component, and you've got a recipe for at least ensuring normal folk in U.S. jurisdictions tend to stay away from it.
...Good God. I hate this. Please don't make me right on half of these guesses.