The post US Lifts Tornado Cash Sanction, But Crypto Laundering Concerns Remain – Join Best Wallet for Ultimate Privacy appeared on BitcoinEthereumNews.com.

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Under Donald Trump’s wing, the US Treasury Department has lifted sanctions against Tornado Cash. The move has been seen as a major win for decentralization – a core tenet of blockchain tech. Albeit a hero for crypto investors who value financial freedom, this open-source, non-custodial crypto mixer’s story has not been without its troubles. Such troubles (like being the target of US restrictions and having to cut off access to some users) show the importance of on-chain decentralization and anonymity. The likes of Best Wallet Token, with its non-custodial wallet solution, drive that point home better than any other crypto presale. Let’s see how Tornado Cash’s troubles are finally coming to an end what you can learn from all this. The Crypto Mixer Behind $7B+ in Theft Tornado Cash gives investors financial freedom by obscuring their transaction trails. It blocks centralized authorities from monitoring and possibly controlling crypto activities. However, its reputation for enabling financial freedom has also drawn the wrong kind of attention. For example, it has historically enabled hackers, including those from the North Korea-linked Lazarus Group, to launder profits. Once the US Office of Foreign Assets Control (OFAC) fully understood its capabilities, Tornado Cash was placed on its sanctions list in August 2022. But in November 2024, a US Fifth Circuit Court ruling challenged Tornado Cash sanctions. It pleaded that OFAC acted beyond its authorized powers, arguing they can’t ban the mixer because it operates through immutable smart contracts, not ‘property.’ The ruling prevailed, and the Tornado Cash sanction was lifted on March 21 – but it might not be revoked forever. In a recent X post, Paul Grewal (Coinbase’s Chief Legal Officer) pointed out that the Treasury Department’s claim that the case is…

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Filed under: News - @ March 24, 2025 2:28 pm