WASHINGTON — Based on the Administration’s review of the novel legal and policy issues raised by use of financial sanctions against financial and commercial activity occurring within evolving technology and legal environments, we have exercised our discretion to remove the economic sanctions against Tornado Cash as reflected in Treasury’s Monday filing in Van Loon v. Department of the Treasury.[...]
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242 sats \ 0 replies \ @ZezzebbulTheMysterious 21 Mar
This is a sensible ruling. The sanctions were to prevent DPRK from using this protocol. In a traditional financial world this would be easy-ish with good KYC.
The fact U.S. people were blocked by sanctions was a side effect (eg; cannot distinguish between them). But the whole thing was pointless, as DPRK could still use it, of course, and U.S. people were the only ones negatively affected. To acknowledge this reality is quite pragmatic and reflects the reality of decentralized financial code on the Internet today.
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130 sats \ 0 replies \ @Cje95 21 Mar
Honestly.... what took so long?!?!?! I honestly thought this would have been on of the first crypto things he did.
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22 sats \ 0 replies \ @BlokchainB 21 Mar
👏
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0 sats \ 0 replies \ @BitcoinIsTheFuture 22 Mar
Wow big news here!
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0 sats \ 0 replies \ @johngalt 22 Mar outlawed
stackers have outlawed this. turn on wild west mode in your /settings to see outlawed content.