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The Defiant 2025-03-21 16:35:15

US Treasury Department Removes Sanctions on Tornado Cash

The US Treasury Department's Office of Foreign Assets Control (OFAC) has removed Tornado Cash, a cryptocurrency mixer, from its sanctions list. This action effectively lifts the economic sanctions imposed on the platform in 2022. The decision follows a legal review and is reflected in Treasury's filing in the case of Van Loon v. Department of the Treasury. The court ruling indicated that sanctioning immutable smart contracts exceeded OFAC's statutory authority. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

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