US Treasury Removes Sanctions on Ethereum Mixer Tornado Cash

Description

The U.S. Treasury has officially removed economic sanctions on Ethereum-based transaction mixer Tornado Cash, citing a reassessment of legal and policy issues related to digital financial activities. In a press release the U.S. Treasury said, in a Monday court filing for Van Loon v. Department of the Treasury, officials stated that evolving technology and financial frameworks required a reconsideration of how sanctions are applied to decentralized platforms. This marks a reversal of the Treasury...