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The Defiant 2025-03-21 16:05:15

U.S. Treasury Lifts Sanctions on Tornado Cash Cryptocurrency Mixer

On March 21, 2025, the U.S. Treasury Department's Office of Foreign Assets Control (OFAC) announced the removal of Tornado Cash, a cryptocurrency mixer, from its Specially Designated Nationals (SDN) list. This action effectively lifts the sanctions previously imposed on the platform and associated cryptocurrency addresses. The decision follows a legal review prompted by the case Van Loon v. Department of the Treasury, where a federal court ruled that sanctions against Tornado Cash's immutable smart contracts exceeded OFAC's statutory authority. The Treasury stated that it has "exercised its discretion to remove the economic sanctions against Tornado Cash." To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

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