US Treasury Uses Discretionary Powers to End Sanctions Against Tornado Cash, says “Innovation” Benefits Americans
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The US Treasury has removed economic sanctions against Tornado Cash, a cryptocurrency mixing service previously blacklisted for alleged money laundering. While maintaining sanctions on co-founder Roman Semenov, the Treasury emphasized the importance of digital asset innovation while combating illicit activities.
March 23, 2025 | 9:30 pm
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Coinbase, which financially backed Tornado Cash's lawsuit, sees partial legal victory as Treasury lifts sanctions
Coinbase's support for Tornado Cash and advocacy for open-source technology appears to have influenced the Treasury's decision, potentially boosting investor confidence
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