US Removes Tornado Cash Sanctions (coindesk.com)
- Reference: 0176784911
- News link: https://news.slashdot.org/story/25/03/21/1611253/us-removes-tornado-cash-sanctions
- Source link: https://www.coindesk.com/policy/2025/03/21/u-s-government-removes-tornado-cash-sanctions
"We remain deeply concerned about the significant state-sponsored hacking and money laundering campaign aimed at stealing, acquiring, and deploying digital assets for the Democratic People's Republic of Korea," Treasury stated. Roman Storm, Tornado Cash co-founder, still faces a July criminal trial for his alleged development role. A Treasury court filing Monday had warned that completely lifting sanctions could have "significantly disruptive consequences for national security."
[1] https://www.coindesk.com/policy/2025/03/21/u-s-government-removes-tornado-cash-sanctions
Alexey Pertsev (Score:3)
The Netherlands put him away for five years last April. American influence was likely involved in their decision to prosecute. Is he going to get any relief now that Treasury has lifted sanctions on Tornado Cash?
Re: (Score:2)
Roman Storm, one of the co-founders of Tornado Cash, faces a criminal trial this July over his alleged role developing the smart contracts and protocols. Another developer was charged but has not yet been arrested. After the Fifth Circuit's November ruling, Storm's lawyers filed a motion requesting the court reconsider its earlier decision to deny the dismissal of charges against him. That motion was smacked down in February, with Judge Katherine Polk Failla of the Southern District of New York (SDNY) argui
Scammers gonna scam (Score:4, Insightful)
Scams, illegal drugs, illegal guns, illegal porn, bribery, and other crimes are all crypto is good for.
Re: (Score:2)
Anything that works and can't be regulated is going to gather criminals first, obviously. That's not evidence it's only good for criminals. Note that there is a difference between criminal and evil behavior.
Re: (Score:2)
I feel like you should've mentioned ransomware and international terrorism first rather than lumping them in with "other crimes." Ransomware is the headline act, the whole industry couldn't work at any meaningful scale without cryptocurrency.
Trump does not care about justice (Score:2, Insightful)
And those who work for the justice department and there hard work of enforcing the law. The result is going to be law enforcement not caring, after all why would you work years to enforce the law and then have the POTUS undo all your work in 1 day. Most good leaders think about what they are going to do before they make a decision and the ramifications of what it will do to the system, not this POTUS.
Re: (Score:2)
Gives a whole new meaning to move fast and break things heh?
court ruling last November (Score:1)
, following a federal appeals court ruling last November that the Office of Foreign Asset Control couldn't sanction its smart contracts.
Tornado Cash? (Score:2)
And here I though the article was talking about one of those [1]money booths [youtube.com] with bills flying around. Turns out they were talking about a different scam.
[1] https://www.youtube.com/results?search_query=money+booth
Re: (Score:2)
I thought it must have been about emergency funds from FEMA to house people after weather disasters...
Fills a need (Score:5, Interesting)
Those in Donnie's orbit think they're going to need a good shitcoin laundry soon.
Re: (Score:3)
I think it's silly to pretend Donnie is a cartel leader as opposed to a well-handled mafia front man but I agree with your general premise. Except one thing, it's not longer a viable platform due to internal, government monitoring.
They're basically trying to gaslight a whole bunch of people into committing fraud by showing people like the president and elon getting away with crimes. But if folks use a platform that's already been opened up by the feds to clean their dirty money, they will be running from