The crowdfunding for the Tornado Cash legal battle was canceled by GoFundMe, citing a breach of terms of service. All contributions made to the fundraiser were returned to the respective donors.
Sanctions News
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The SEC admitted its attorneys “should have been more forthcoming” with the court but argued a sanction wasn’t appropriate.
4457“Fiat is the preferred currency for financial crimes,” said a Community Note providing context to Elizabeth Warren’s Jan. 21 tweet on crypto and sanctions.
1705No specific crypto addresses were listed in the sanctions, which included members of the Shamlakh family and the Herzallah Exchange.
3534Any company with a public-facing generative AI service could theoretically find themselves in the same crosshairs.
2346UAE’s Financial Services Regulatory Authority has updated its AML and sanctions rules with new elements related to digital assets.
2611The crypto exchange processed 989 transactions for users in Crimea from April 2020 to May 2022, according to the Office of Foreign Assets Control.
4734Senator Elizabeth Warren isn’t leading the charge on this bill linking crypto transactions to terrorism; it comes from Senators Mitt Romney, Mark Warner, Mike Rounds and Jack Reed.
3280Wally Adeyemo cited a recent settlement with crypto exchange Binance and sanctions against crypto mixer Sinbad in calling for an expansion of the U.S. Treasury’s authority.
2631The government department has previously imposed sanctions on crypto mixers Blender and Tornado Cash despite many in the space pushing back on actions against software tools.
3548The six individuals, supported by crypto exchange Coinbase, have taken a case involving the U.S. Treasury sanctioning Tornado Cash to federal appellate court.
3444The confirmation comes as tensions between the United States and China continue to rise.
3117The U.S. Treasury previously targeted individuals connected to Tornado Cash, but its proposed actions on mixers followed concerns that Hamas was financed in part by crypto.
3387According to the U.S. Treasury, federally designated terrorist groups including Hamas, ISIS and an al-Qaeda affiliate used the Buy Cash Money and Money Transfer Company to transfer funds.
1831According to Deputy Treasury Secretary Wally Adeyemo, the sanctioned wallets “received millions of USD funds over hundreds of deposits” used for illicit drugs.
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