Tornado Cash’s ‘incredible victory’ in sanctions case thrown into doubt, crypto lawyers say – DL News
- Crypto lawyers fret Treasury is leaving the door open to future sanctions.
- Tornado Cash deposits barely budged after the US removed sanctions.
- The aftermath of the case has left vexing questions.
It was an “incredible win” for privacy, for software developers, and freedom of speech.
Or was it?
The crypto industry celebrated when the US Treasury Department removed privacy protocol Tornado Cash from its list of sanctioned entities on March 21.
But now crypto lawyers tell DL News that a careful analysis of the Treasury Department’s actions raises some vexing questions.
“They lost, but they don’t want to say, ‘Yes, we lost,‘” Nathan Postillion, general counsel at Hadron Labs, told DL News.
Stinging defeat
There’s little doubt that…
