Economy

Industry says Treasury crossed a line in sanctioning high-profile crypto entity

By Christopher Hutton
Published August 9, 2022 7:50pm ET
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Industry says Treasury crossed a line in sanctioning high-profile crypto entity
The industry is saying that the Treasury Department’s recent sanctioning of a major cryptocurrency entity may set a dangerous precedent for cryptocurrency in the United States. The Treasury Department announced Monday that it was sanctioning Tornado Cash, a virtual protocol that has assisted multiple foreign entities with laundering their theft of crypto assets. Tornado Cash […]

The industry is saying that the Treasury Department’s recent sanctioning of a major cryptocurrency entity may set a dangerous precedent for cryptocurrency in the United States.

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Cryptocurrency Sanctions Treasury Department