Donald Trump, set to take office as President again, may issue an Executive Order to create a Strategic Bitcoin Reserve. This plan involves using the Treasury’s Exchange Stabilization Fund, which has over $200 billion in assets, to purchase Bitcoin. Trump’s allies, including Senator Cynthia Lummis, support this initiative, aiming to accumulate significant Bitcoin reserves for ...
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 ...
A U.S. appeals court has decided that the U.S. Treasury Department overstepped its authority when it sanctioned the cryptocurrency mixer Tornado Cash in 2022. Tornado Cash was accused of helping launder over $7 billion for cybercriminals, including those linked to North Korea. The ruling favored six users of Tornado Cash, supported by the exchange Coinbase, ...
