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Crypto privacy tests limits of Trump's deregulatory push - DL News

Retrieved on: 2025-08-12 16:19:12

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Summary

DL News correspondent Aleks Gilbert explores how Trump's crypto deregulation efforts face significant challenges when it comes to financial privacy tools.

Despite crypto scoring early wins under the Trump administration, privacy-focused blockchain tools remain under intense regulatory scrutiny. Recent convictions of Tornado Cash and Samourai Wallet developers highlight the government's aggressive stance against crypto privacy tools. The White House's new crypto policy report recommends expanding anti-money laundering requirements to decentralized finance protocols, particularly those with concentrated token ownership. Meanwhile, crypto leaders like Vitalik Buterin are pushing back, advocating for privacy as a default wallet feature rather than a separate tool.

  • Trump's crypto deregulation excludes privacy tools, with recent developer convictions showing continued enforcement
  • White House report suggests forcing DeFi protocols to comply with Bank Secrecy Act anti-money laundering provisions
  • Ethereum Foundation pledges $500,000 toward Roman Storm's legal defense while developing privacy-by-default solutions
  • Industry leaders argue financial privacy protects law-abiding citizens from surveillance rather than enabling criminal activity

Article found on: www.dlnews.com

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