This announcement, made via a press release, marked a turning point. It highlighted the ongoing reshaping of the crypto industry under the current administration.
Tornado Cash, a popular crypto mixing tool, had previously been sanctioned, effectively banning its use for US citizens and businesses. However, after a review by the Treasury, this decision was reversed, signaling a fresh start for crypto policy.
US Lifts Tornado Cash Sanctions, Paving the Way for Crypto’s Future
This move follows the broader trend of the Biden administration making cryptocurrency a central focus. The new president has clearly set his sights on turning the United States into the crypto capital of the world. His approach has been notably different from the previous administration, with a stronger commitment to fairness and regulation.
Tornado Cash, once a tool that allowed users to mix cryptocurrencies for privacy, became the target of sanctions due to concerns about its potential use in money laundering and other illicit activities. The Treasury Department’s decision to lift these sanctions is seen as a step forward in the ongoing conversation about privacy, security, and regulation in the crypto space. The lifting of restrictions opens the door for Tornado Cash to be used once again by US individuals and businesses—provided they follow the necessary legal channels.
Tornado Cash is no longer sanctioned. A key moment: code is speech, not crime. Software itself isn’t the enemy. How it’s used is. The freedom to program must be protected.
News: https://t.co/TrFyiPdkfv pic.twitter.com/gQgHrJ1vQv
— Juan Manuel Sobral (@juanmsobral) March 21, 2025
This ruling is part of a wider effort to recalibrate the relationship between crypto and the US government. The focus is not just on regulating the industry but on creating a framework where cryptocurrencies can thrive without falling through the cracks. With the upcoming changes, it seems that the US is ready to set the stage for a crypto-friendly future, giving innovators and developers a clear path forward.
More About Crypto Regulations
It was an honor to join the @SECgov roundtable on crypto regulation yesterday. I commend @HesterPeirce and the Crypto Task Force for convening the meeting and all the other speakers for participating.
The picture that emerged for me yesterday is that there is (1) broad agreement… pic.twitter.com/9xJTAxWgIM
— miles jennings (@milesjennings) March 22, 2025
Disclaimer
The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers, and their risk tolerance may be different from yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.
The post US Treasury Lifts Sanctions on Tornado Cash appeared first on Altcoin Buzz.
