SEC Commissioner Calls for Full Protection of Crypto Users’ Financial Privacy

Crypto privacy just got a massive boost as a top U.S. regulator slammed financial surveillance and championed blockchain tools as essential to preserving American constitutional freedoms. SEC Commissioner Says Crypto Privacy Isn’t a Loophole—It’s a Constitutional Right U.S. Securities and Exchange Commission (SEC) Commissioner Hester Peirce, speaking at the Science of Blockchain Conference in Washington … Read more

Supreme Court Declines Crypto Privacy Case, Upholds IRS Access Without Warrant

The Supreme Court’s refusal to hear a major crypto privacy case leaves intact rulings that uphold the IRS’ power to obtain bitcoin user data without consent. IRS Retains Authority to Access Bitcoin Transaction Data Without User Consent A constitutional challenge over the Internal Revenue Service’s (IRS) ability to obtain cryptocurrency transaction records without a warrant … Read more

Buterin: Zero-Knowledge Digital IDs Still Carry Coercion, Privacy Risks

Ethereum co-founder Vitalik Buterin has raised concerns that digital identity systems using zero-knowledge proofs, such as Sam Altman’s World project, could weaken online pseudonymity while introducing new risks. Buterin Argues One-ID-Per-Person Systems Create New Vulnerabilities In a June 28 blog post, Buterin argued that even privacy-focused designs face fundamental challenges when enforcing a one-identity-per-person rule. … Read more

14,000 Crypto Accounts Swept Into IRS Data Grab—Will the Supreme Court Act?

The Supreme Court is being urged to dismantle a controversial IRS tactic that allowed warrantless data grabs from 14,000 crypto users, redefining privacy rights for the digital age. Mass IRS Record Seizure Hits 14,000 Crypto Users—Can the Supreme Court Push Back? A constitutional showdown over the privacy rights of cryptocurrency users could reshape how digital … Read more

Ethereum Foundation Backs Roman Storm With $500K Ahead of Trial  

The Ethereum Foundation has donated $500,000 to support Tornado Cash co-founder Roman Storm’s legal defense ahead of his July trial on money laundering and sanctions charges. Storm, arrested in August 2023, faces accusations of enabling criminals—including North Korea’s Lazarus Group—to launder over $1 billion through the ethereum ( ETH) privacy tool. Privacy advocates argue that … Read more

Elon Musk Claims ‘Bitcoin Style’ Encryption for New XChat Features

Elon Musk has announced that the new XChat feature on the X platform will incorporate “Bitcoin style” encryption, enhancing user privacy and security. According to Musk’s recent post, the updated XChat will include features such as encryption, vanishing messages, and the ability to send various file types, along with audio and video calling capabilities. The … Read more

Biometric Data Security Under Scrutiny After Coinbase Suit; Expert Urges Modular Privacy

A class-action lawsuit against Coinbase has raised concerns about biometric data collection and storage practices by technology companies. Nanak Nihal Khalsa argues argues that relying on immutable biometric identifiers poses permanent risks, as they cannot be reset once compromised. Patchwork of State-Level Privacy Regulations A class-action suit recently filed against the cryptocurrency exchange Coinbase has … Read more

Crypto Millionaire Believes Coinbase Data Leak Will Lead to Deaths

Michael Arrington, co-founder of Arrington Capital, a Web3 venture capital company that has invested in over 200 projects since 2017, has severely criticized the recent data leak involving Coinbase’s customers. Arrington, also a Coinbase investor, stated that the human cost of this mistake will be much higher than the $400 million said to be reimbursed … Read more