OFAC

US Treasury Attempts To Dismiss Final Ruling

US Treasury Attempts To Dismiss Final Ruling

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The US Department of the Treasury is facing backlash over its claim that a final court ruling on the Tornado Cash lawsuit is moot after delisting the crypto-mixing protocol from its sanctions list. Coinbase’s Chief Legal Officer (CLO) argued that a final […]

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US Treasury Removes Tornado Cash From OFAC Sanctions List

US Treasury Removes Tornado Cash From OFAC Sanctions List

The Department of Treasury has lifted Sanctions on Tornado Cash, the Ethereum based smart contract mixer, following a series of legal defeats and administrative challenges. “Based on the Administration’s review of the novel legal and policy issues raised by use of financial sanctions against financial and commercial activity occurring within evolving technology and legal environments,

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