🌪 More good news for crypto and privacy advocates. The US Court of Appeals has ruled that the OFAC overstepped its authority by imposing sanctions on the crypto mixer Tornado Cash.
Back in 2022, the US Treasury sanctioned Tornado Cash, alleging that it had been used to launder more than $7 billion worth of crypto. The new court decision now allows anyone with an internet connection to access the service.
Of course, we don't want criminals using crypto protocols, but completely blocking open-source technology isn't the solution.
Back in 2022, the US Treasury sanctioned Tornado Cash, alleging that it had been used to launder more than $7 billion worth of crypto. The new court decision now allows anyone with an internet connection to access the service.
Of course, we don't want criminals using crypto protocols, but completely blocking open-source technology isn't the solution.