Blockchain Caucus Co-chair: Identify Crypto Users and Reverse Transactions

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Laws should be passed to allow federal courts to identify holders of Bitcoin and other cryptocurrencies, and reverse crypto transactions, according to Democratic Rep. Bill Foster of Illinois, co-chair of the House blockchain caucus.
Speaking during an online event for news outlet Axios on Tuesday, Foster called for cryptocurrencies to be “pseudo-anonymous,” so the regulators can see “if transactions on the network are fraudulent.” 

According to the Representative, the current status quo where a court order was often needed to unmask transaction participants was unacceptable if American businesses and individuals were to be protected from ransomware attacks. Instead, a third party should be able to learn about the identity of crypto-transaction participants through a “very heavily guarded key.”
Foster acknowledged that his demands were likely to “drive the crypto purists berserk”, but argued that „there’s not a technological alternative that I’m aware of.”
In fact,

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Źródło: https://decrypt.co/74885/blockchain-caucus-co-chair-identify-crypto-users-and-reverse-transactions

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