According to Deep Tide TechFlow, on August 5, Hester Peirce, a commissioner of the U.S. Securities and Exchange Commission (SEC), delivered a speech at the Blockchain Science Conference, emphasizing that regulators need to protect people's rights to conduct private transactions. She stated that developers of open-source privacy software should not be held responsible for the actions of others using their code.
As the verdict in the case of Tornado Cash co-founder Roman Storm is about to be announced, Peirce pointed out that privacy protection technologies, the rights to self-custody of cryptocurrencies, and the rights of open-source privacy software developers should be protected. She emphasized that, just like the struggle of cryptographers in the 1990s to protect private use of strong encryption technologies, these technologies are of significant importance to societal development.