Another spin in the crypto sanctions twister
By SAM SUTTON, KATE DAVIDSON and AUBREE ELIZA WEAVER
08/24/2022 08:00 AM EDT
Editor’s note: Morning Money is a free version of POLITICO Pro Financial Services morning newsletter, which is delivered to our subscribers each morning at 5:15 a.m. The POLITICO Pro platform combines the news you need with tools you can use to take action on the day’s biggest stories. Act on the news with POLITICO Pro.
Tornado Cash has now entered the Washington spin cycle.
The Treasury Department’s Aug. 8 sanctioning of the decentralized mixing service, which is used to obfuscate crypto transactions on the Ethereum blockchain, quickly exploded into a full-bore crisis for decentralized finance developers, privacy advocates and other pro-crypto groups who said it could be a harbinger of future crackdowns.
Two weeks later, congressional leaders are starting to take note.
“OFAC – they don't know how to deal with this thing,” said Rep. Tom Emmer (R-Minn.), who sent...
Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.
INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...