TechFlow reports that U.S. presidential candidates have engaged in an in-depth discussion on cryptocurrency-related issues, with candidates delving into specific details. Ramaswamy, in particular, mentioned Tornado Cash during his opening remarks. In August, a judge agreed with the Treasury Department's previous approval from last year to sanction the cryptocurrency mixer. Critics in the crypto industry argue that Tornado Cash is not a person but a software, criticizing the Treasury's action and asserting it has no authority to sanction such a protocol.
Ramaswamy stated, "Take what happened in the Tornado Cash case, for example—under current law, penalizing an entire protocol or business model is illegal and unconstitutional, in stark contrast to pursuing individual bad actors."
When asked by CoinDesk what crypto companies should do during this period, Phillips responded that he would consider the Crypto Market Structure Bill introduced this past summer in the House Committee on Financial Services.
