Peter Van Valkenburgh
@valkenburgh
Executive Director @CoinCenter | “Writing a description for this thing for general audiences is bloody hard. There's nothing to relate it to.” Satoshi Nakamoto
2.2K Following 59.9K Followers
HUGE.
Looks like we got a non-partisan vote out of Senate Banking with the BRCA still intact. I'm thrilled. The last minute compromise reflects Coin Center's analysis from last January, there were some steps forward since then and then back but we are feeling very comfortable.
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Senator Cortez-Masto's attempt to narrow the BRCA is substantial. He proposal would fail to protect nodes, miners, and smart contract software developers. All of these are neutral infrastructure providers. They make the tech work. 1/
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Senator Warren is wrong to call Tornado Cash a "service." It was immutable software that could never have been effectively sanctioned without full bans on publishing the blockchain. That's why it wasn't sanctionable and the Fifth Circuit agreed. 1/
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Around $3 Trillion dollars were laundered through banks in 2025 despite the warrantless surveillance regimes they facilitate for governments. And they want you to think that people making peer-to-peer transactions on chain are the problem that needs to be outlawed.
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