Coinbase CEO supports privacy rights and looks forward to working with the Treasury Department to crack down on minority abusers

Coinbase CEO Brian Armstrong stated on the X platform that "no one wants bad people to use cryptocurrency, but privacy is crucial for law-abiding citizens, and sanctioning open source code violates the principle of freedom of speech. He welcomed the removal of Tornado Cash from the OFAC sanctions list and expressed his expectation to work with the Ministry of Finance to combat a minority of abusers (approximately 0.1%).