The Breakdown A Win for Privacy as Tornado Cash Addresses are Unsanctioned
Mar 25, 2025
A significant victory for privacy emerges as the U.S. Treasury lifts sanctions on Tornado Cash, igniting hope in the crypto world. The discussion highlights the critical implications for financial privacy and ongoing legal battles for users. Despite this reversal, caution prevails as the Treasury's stance remains ambiguous, suggesting more challenges lie ahead. The evolving regulatory landscape under the Biden administration raises questions about the future of cryptocurrencies.
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Tornado Cash Delisted
- The Treasury Department removed Tornado Cash from the sanctions list, but the fight for financial privacy isn't over.
- U.S. citizens can theoretically interact with the protocol, but risks remain, and developers are forking it to new infrastructure.
Tornado Cash Forks
- Developers are forking Tornado Cash onto new infrastructures due to its open-source nature.
- One developer added a countermeasure requiring users to draw mustaches on Kim Jong-un's face before transactions.
Legal Battles Remain
- While the delisting is a victory, legal battles persist, with individuals involved in Tornado Cash still facing charges.
- Treasury's decision sets a precedent, but the fight for financial privacy continues.