Tornado Cash Delisting

The US Treasury has removed economic sanctions against Tornado Cash, as reflected in a Monday filing in Van Loon v. Department of the Treasury, following the Administration's review of the legal and policy issues raised by sanctioning financial activity within evolving technology environments. The statement says Treasury remains concerned about state-sponsored hacking and money laundering for North Korea (DPRK) and will keep monitoring transactions that may benefit malicious cyber actors or the DPRK. Treasury Secretary Scott Bessent said securing the digital asset industry from abuse by North Korea and other illicit actors is essential to U.S. leadership in financial innovation.