Ethereum developer Virgil Griffith, serving a five-year prison sentence, receives a 10-year export privilege bar from the Department of Commerce. The decision restricts his ability as a US citizen to participate in transactions involving exported commodities, software, or technology even after his release. This emphasizes the importance of regulation in upholding the integrity of blockchain technology and preventing misuse.
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Cryptocurrency Coders in Legal Crosshairs: Who is Accountable for Blockchain Misuse?
“Roman Storm and Roman Semenov, coders of the Tornado Cash protocol, face U.S. legal proceedings, accused of aiding North Korea’s Lazarus Group with money laundering. This indictment raises questions on developer accountability, regulation standards, and the balance between potential national security risks and the right to financial independence and privacy in blockchain technology.”