U.S. Government Gains New Powers to Sanction Cryptocurrency Mixers Used in Illicit Transactions

A recent court ruling allows the U.S. government to sanction cryptocurrency mixers like Tornado Cash that are used to cloak illicit transactions.
This is part of a broader strategy to prevent cryptocurrency-enabled cybercrimes by targeting the infrastructure criminals rely on.
The Treasury Department first sanctioned cryptocurrency wallet addresses, then exchanges, and now mixers.
The ruling dismissed arguments that sanctioning an open-source mixer violated free speech.
It's a win for the government's efforts to police cryptocurrency networks used for illegal activity.

slate.com

Relevant topic timeline:

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Posted 9/14/2023, 9:55:00 AM