OFAC's Tornado Cash Sanctions Create Legal Uncertainty

1 min

On September 19, 2022, Mike Bresnick and Chris Boone published “OFAC's Tornado Cash Sanctions Create Legal Uncertainty” in Law360. The following is an excerpt:

The Office of Foreign Assets Control within the U.S. Department of the Treasury recently sanctioned the cryptocurrency mixer Tornado Cash. This move has shaken the crypto industry and has legal experts, privacy advocates and at least one member of the U.S. Congress questioning whether the action is within the agency's legal authority.

Click here to access the article.