Trump’s treasure demolishes sanctions on cryptoary money laundering service

A cryptocurrency designed to be more difficult to follow Cryptocurrence operations was sanctioned by Biden’s leadership, and some important washing schemes were illegal. But Donald Trump, the President of Crypto, brought him back. US Treasury Department declared Friday will raise sanctions against Tornado Cash, which allows cryptocurrency to be reused to anonymize.

Here is a rapid and dirty rear story in Tornado Cash: Protocol started as a way of ownership of Cryptocurrence users in the currency in 2019. If you are “stained” money (ie coins identified and related to a person), you move around to a larger pool and move around until effective “clean” and effective, you carry it with a tornado money. Until 2022, he received heat from the Treasury Department, because the harmful actors were stolen as part of a hack.

Once Biden’s Treasury Department was around Issuance of sanctions In August 2022 this defendant Tornado, including more than $ 7 billion about $ 500 million The agency was allegedly stolen by the North Korean Sponsored Hacking Collector Lazarus group. The protocol and its founder were illegally to use the Tornado cash mainly in the United States.

However, sanctions may not be effective (and according to a federal court, this is not legal). One learn The use of the tornado cash continued to rise, despite placing blacklist. And the Federal Court of Appeals last year controller The treasury provides a legal reputation to punish the security of the protocol – because it was designed to punish the blacklists, and smart contracts are not managed or managed by the tornado cash, foreign national.

This brings us to us today, the Trump leadership lifts the tornado cash restrictions that officially function once again in the United States. Crypto people, of course, celebrate the movement, call A victory for “privacy”. Others, Democratic Congressman Sean Casten, named “Trump is one of the most dangerous and irresponsible things that are out of the White House.”

Castren can be a little difficult there; Typically, additional privacy means that some people can use as harmful as encrypted messaging. Of course, the average person has an argument used for encrypted messaging and crypto, and a crypto tumbler is mostly useful for criminal activities. But there is any way or a tool to watch the efforts to hide the chain, even in a tool, even more complex and more complicated to hide the details to hide the details and Some experts believe Tornado Cash transactions are already traced with enough effort.