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US lifts sanctions on Tornado Cash cryptocurrency mixer

The US Treasury Department lifted sanctions on Tornado Cash, a cryptocurrency mixer accused of laundering billions for criminals and nation-states, following a federal appeals court ruling questioning the ban's legality.
In 2022, the Biden administration claimed Tornado Cash laundered over $7 billion, including $455 million tied to North Korea's Lazarus Group, leading to sanctions.
A federal appeals court ruling questioned the authority to ban Tornado Cash's smart contracts, prompting the sanctions' removal despite ongoing concerns about misuse.
The decision reflects a broader shift in the US administration's approach to digital currency regulation, with discussions about legislation, including the GENIUS Act, continuing.

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Cambridge University Press

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Economic and Financial Sanctions of the United States

Cambridge Core - International Trade Law - Economic and Financial Sanctions of the United States

14 days ago

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The Register

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US lifts sanctions on Tornado Cash cryptocurrency mixer

Analysis: It's been a very busy week for Digicash Donald's administration

14 days ago

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NK News

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US Treasury lifts sanctions on crypto mixer linked to North Korean laundering

The U.S. has lifted sanctions against an anonymized cryptocurrency mixer linked to North Korean money laundering, an action blockchain professionals and privacy advocates have hailed as a major victory against government overreach. The Treasury Department announced in a press release on Friday that it delisted the decentralized Tornado Cash in line with a review by […]

14 days ago·Seoul, Korea, Republic of

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futuremoneyfate.com

Crypto Market Recap: Coinbase Challenges Tornado Sanctions Decision

Here’s a quick recap of the crypto landscape for Monday (March 24) as of 9:00 p.m. UTC. Bitcoin and Ethereum price update Bitcoin (BTC) is currently trading at US$88,242.18, a 3.6 percent increase over the past 24 hours. The day’s trading range has seen a low of US$87,300.18 and a high of US$88,713.83. Arthur Hayes speculates that Bitcoin could go as high as US$110,000 before retracing to the US$75k range as inflation concerns fade and the US F…

13 days ago

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bitrates.com

Tornado Cash Is No Longer Sanctioned by the US Treasury

The US Treasury has lifted sanctions on the coin mixer Tornado Cash and multiple related crypto addresses, according to a March 21 update. The change removes 90 Ethereum addresses from the Office of Foreign Assets Control’s (OFAC) Specially Designated Nationals List. The Treasury wrote that the decision is based on a review of legal and policy issues explained in its Monday filing in Van Loon v. Department of the Treasury. In December, the feder…

13 days ago

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crypto.news

Tornado Cash ported to MegaETH testnet after U.S. Treasury lifts sanctions

Tornado cash has been ported to the newly launched MegaETH public testnet following the removal of sanctions against the protocol. The crypto privacy protocol Tornado Cash was ported to MegaETH testnet, as originally reported by The Block. Developer Gunboats named…

14 days ago

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