The U.S. Treasury Department has reversed sanctions on Tornado Cash, a cryptocurrency “mixer” previously accused by the Biden administration of laundering over $7bn, including funds for North Korea’s Lazarus hacking group, following a court ruling that the Office of Foreign Assets Control exceeded its authority in 2022. This decision aligns with President Donald Trump’s crypto-friendly policies, including establishing a U.S. cryptocurrency reserve, though Treasury Secretary Scott Bessent emphasized ongoing concerns about North Korea’s cyber threats, saying: “Securing the digital asset industry from abuse . . . is essential to establishing U.S. leadership.” The move comes amid legal battles, with co-founder Roman Storm awaiting trial in the U.S. and developer Alexey Pertsev already sentenced in the Netherlands for related money laundering charges.
Crypto ‘mixer’ sanctions dropped
12 responses to “Crypto ‘mixer’ sanctions dropped”
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