cryptojournalist
A U.S. court just ruled that the Treasury went too far when it sanctioned Tornado Cash’s smart contracts in 2022. These contracts, which run automatically on blockchain, were accused of being “property.” Coinbase-backed plaintiffs fought back, and now things might change by 2025.
Trump Could Shift Treasury Policy
With Trump set to take office in 2025, experts think the Treasury might take a different approach to Tornado Cash. But don’t expect any big moves before then.
Allegations Against Tornado Cash
Tornado Cash is accused of helping launder $7 billion in crypto, including money linked to North Korean hackers. Trump’s pick for Treasury Secretary, Scott Bessent, could shape the future of these sanctions.
Developers in Hot Water
Tornado Cash founders are in serious trouble. Roman Storm faces trial in 2025, Roman Semenov is on the FBI’s wanted list, and Alexey Pertsev is serving time in the Netherlands for laundering charges.
