The torn offices of the US Treasury, the original assets of Tornado Cash Mixer, have been removed from the sanctions list at the Foreign Asset Monitoring Office. As a result, Tron gathered by 75 % in the past hour.
The sanctions previously caused by allegations of money laundering in North Korea were.
The US Treasury is reflected on the imposition of cash sanctions from the hurricane
Tornado Cash, decentralized privacy protocol, was in many conflicts over allegations that it allows money laundering in North Korea.
In 2022, the US government imposed many of its governorates and charged against co -founder Roman Siminov the following year. Today, however, the American treasury Removed These penalties for hurricane criticism:
“Based on the administration’s review of the new legal and political issues raised by the use of financial sanctions against the financial and commercial activity that occurs in advanced technology and legal environments, we practiced our discretionary power to remove economic sanctions against Tornado Cash,” Read.
The US Treasury sanctions against Tornado Cash are only one element of the ongoing legal conflict. A Dutch council was convicted last year, despite his release at home.
Last November, the US Federal Court of Appeal canceled the sanctions on the cash of the hurricane, prompting the price of 400 %. She jumped again when the Texas Provincial Court agreed to this decision.
The Treasury has removed the sanctions against Tornado Cash today, Torn has already jumped over 75 % promise:
Despite the positive developments, there are still a lot of undifvasional concerns. As Crypto Sleuth Zachxbt recently noticed, money laundering in North Korea is now an epidemic in space.
The Treasury statement expressed its “deep concern” about the continuation of the washing, even from Minister Scott Beesen:
“Digital assets offer enormous opportunities for innovation and creating value for the American people. Securing the digital asset industry from ill -treatment by North Korea and other illegal actors is necessary to create the leadership of the United States and ensure that the American people can benefit from financial innovation and integration.”
In the end, it is due to Tornado Cash to address the treasury fears. Although the Trump administration is dramatically retreating from the encryption application, Trump’s allies like Bessent are clearly unstable.
If money laundering continues in North Korea on the platform, all this last progress may harm.
Disintegration
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