Tornado Cash is safe from US sanctions, says court
The Texas court rejected the Treasury's arguments and ruled that it can longer sanction the crypto mixer accused of laundering Lazarus funds.
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The Texas court rejected the Treasury's arguments and ruled that it can longer sanction the crypto mixer accused of laundering Lazarus funds.
The US Treasury submitted a notice declaring the Tornado Cash court case as "moot," which may result in its dismissal.
OFAC has been ordered to remove addresses linked to Tornado Cash from its list of Specially Designated National and Blocked Persons.
A judge has ruled on the compliance requirements for a crypto money transmitter — even if they do not control their users’ funds.
The three cited examples are even more embarrassing for another reason: A separate, pre-existing sanction might have prevented them.
— Coin Center, Legal
Coin Center's lawsuit against Janet Yellen over the Tornado Cash sanctions has been dismissed but it intends to appeal the decision.
Tether holding off on freezing funds is as close as any big player has come to taking a stand against sanctioning a legitimate privacy tool.