Court Overturns US Sanctions Against Tornado Cash: Implications for Cryptocurrency Regulations Explained
A US appeals court has determined that the US Treasury Department overstepped its authority by sanctioning the cryptocurrency mixer Tornado Cash in 2022. The Treasury accused Tornado Cash of laundering over $7 billion linked to hackers, particularly from North Korea. This ruling favored six users of Tornado Cash who, with help from Coinbase, challenged the ...
