LIVE
Bitwise Solana Staking ETF BSOL Tops $20M Inflows, Says CEOGrayscale Files for ZEC ETF as Zcash Surges 42% Past $800Justin Sun Files Fraud Lawsuit Against World Liberty Financial Over Alleged USD1 Backdoor FunctionsCoinbase Defends ETH Holdings Amid Community CriticismSEC crypto enforcement rollback plan takes shapeBitari's $30M Nasdaq IPO to Expand Bitcoin MiningGrayscale Files With SEC for a Zcash ETF: What It MeansColdcard Adds New Security Measures After $130M Bitcoin ExploitPolice Inquiries Test Binance Operations in the UAE Amid ScrutinyStrive Raises Capital to Buy 400 Bitcoin via Preferred StockBitwise Solana Staking ETF BSOL Tops $20M Inflows, Says CEOGrayscale Files for ZEC ETF as Zcash Surges 42% Past $800Justin Sun Files Fraud Lawsuit Against World Liberty Financial Over Alleged USD1 Backdoor FunctionsCoinbase Defends ETH Holdings Amid Community CriticismSEC crypto enforcement rollback plan takes shapeBitari's $30M Nasdaq IPO to Expand Bitcoin MiningGrayscale Files With SEC for a Zcash ETF: What It MeansColdcard Adds New Security Measures After $130M Bitcoin ExploitPolice Inquiries Test Binance Operations in the UAE Amid ScrutinyStrive Raises Capital to Buy 400 Bitcoin via Preferred Stock
Homepage/News/Tornado Cash Removed from OFAC Sanctions List
NEWS

Tornado Cash Removed from OFAC Sanctions List

·1 MIN READ·

Tornado Cash was officially removed from the OFAC sanctions list on March 21, 2025, by the U.S. Treasury Department. This action followed a court ruling against the sanctions imposed earlier on smart contracts.

KEY FINDINGS - EVIDENCE LEVEL: MULTI-SOURCE
1Key sections mapped in this report
0Internal references connected to related coverage
4External source domains cited in the article
1 minEstimated time to read the full report
Key Points:

  • OFAC delisting impacts Tornado Cash and associated addresses.
  • Court found OFAC exceeded authority.
  • TORN token surges by 73% post-delisting.

The delisting of Tornado Cash from the OFAC sanctions list marks a vital moment for both decentralized finance and privacy technologies, sparking a significant market reaction.

The U.S. Treasury removed Tornado Cash from its Specially Designated Nationals list, including several Ethereum wallet addresses. This move follows a federal order after a court ruling against previously imposed sanctions.

“The OFAC exceeded its authority by designating Tornado Cash’s immutable smart contracts.” – U.S. Court of Appeals for the Fifth Circuit

Court findings indicated OFAC overstepped by targeting immutable smart contracts. Such actions have significant implications for the enforcement approach to blockchain-based applications. Federal compliance with the court’s decision involved necessary legal reversals.

Market reaction was immediate, with Tornado Cash’s native token, TORN, experiencing a surge of up to 73%. Privacy-focused technologies within decentralized finance see a revived interest benefiting from this delisting. However, concerns remain over state-sponsored hacking.

While Tornado Cash protocol has been freed from restrictions, sanctions persist for its founder, Roman Semenov. His designation excludes cyber activities but retains a North Korea-related tag. The Treasury asserts its ongoing vigilance against illicit financial activities.

This case signifies potential shifts in regulatory approaches, emphasizing the complexity of enforcing rules on decentralized technologies. The court ruling may set a precedent, influencing how technology and law interact within the crypto sphere.

SOURCE TRANSPARENCY
  • External Source - Referenced domain: ofac.treasury.gov
  • External Source - Referenced domain: bitcoinmagazine.com
  • External Source - Referenced domain: justice.gov
  • External Source - Referenced domain: home.treasury.gov
  • Byline - Reported by Solomon M.
  • Coverage Desk - Primary editorial category: News