GOP Rep. Questions Treasury On Tornado Cash Sanctions

By Sarah Jarvis (August 23, 2022, 9:06 PM EDT) — A U.S. congressman asked in a Tuesday letter to Treasury Secretary Janet Yellen for clarification on the “first-of-their-kind” sanctions doled out earlier this month by the Office of Foreign Asset Control against so-called smart contract addresses associated with cryptocurrency mixing service Tornado Cash, raising concerns about privacy and due process.

U.S. Rep. Tom Emmer, R-Minn., said in his letter that adding Tornado Cash to OFAC’s Specially Designated Nationals and Blocked Persons List, or SDN, seems to be a divergence from previous OFAC precedent since several of Tornado Cash’s Ethereum addresses aren’t people, entities or property, but rather technological tools that aren’t…

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