US Treasury Sued for Sanctioning Crypto Mixer Tornado Cash
Six crypto users, including Coinbase employees, are suing the U.S. Treasury Department for blacklisting Tornado Cash last month, claiming the department’s sanctions watchdog overstepped its authority in prohibiting all American persons from interacting with the privacy tool. “The Hash” hosts discuss the potential outcomes.
Laura Shin on Ethereum Merge's Legal Considerations
Laura Shin, "The Cryptopians" author and "Unchained" podcast host, discusses her take on the upcoming Ethereum Merge and its potential regulatory impact, citing the fallout from sanctioned crypto mixer Tornado Cash. Plus, insights into a recent interview with former BitMex co-founder Arthur Hayes.
Bitcoin Under $21K After Powell's Hawkish Remarks; Analysts Trim Price Targets for Argo Blockchain
Bitcoin (BTC) dropped following Fed Chair Jerome Powell's hawkish speech at the annual Jackson Hole Economic Symposium. H.C. Wainwright and Jefferies analysts slashed their price targets for Argo Blockchain after disappointing guidance from the bitcoin miner's quarterly results. The wife of Alexey Pertsev, the web developer arrested in Amsterdam over alleged ties to sanctioned crypto mixer Tornado Cash, dismissed speculation her husband had links to the Russian secret service.
Alleged Tornado Cash Developer Has No Ties to Russia Secret Service, Wife Says
The wife of Alexey Pertsev, the web developer arrested in Amsterdam over suspected ties to the Tornado Cash crypto mixing protocol, dismissed speculation that her husband had links to the Russian secret service. CoinDesk Regulatory Reporter Jack Schickler breaks down the latest developments.
Alleged Tornado Cash Developer Must Stay in Jail; Judge Approves Voyager Paying 'Retention' Bonuses
Alexey Pertsev, accused of facilitating money laundering via now-sanctioned Tornado Cash, must stay in jail for at least 90 more days, a Netherlands judge ruled Wednesday. Crypto-focused venture capital firm Electric Capital has named former SEC Chairman Jay Clayton as an adviser, according to Bloomberg. A U.S. federal judge ruled crypto lender Voyager Digital, which is undergoing bankruptcy proceedings, can pay more than 30 employees a collective $1.6 million as a "retention" award.
Rep Tom Emmer Asks Treasury Department to Explain Tornado Cash Sanctions
U.S. Congressman Tom Emmer (R-Minn.) asked the Treasury Department’s Office of Foreign Asset Control (OFAC) to explain its sanctioning of crypto mixer Tornado Cash in an open letter tweeted Tuesday. CoinDesk Global Policy & Regulation Managing Editor Nikhilesh De discusses the details.
Tornado Cash Storm; Australia Plans Crypto Rules
Tornado Cash sanction brews up a storm. Uniswap blocks over 250 wallet addresses from frontend in sanction compliance. Could Australia’s "token mapping" plan be the way forward for crypto regulation? Celsius "withhold" account depositors lawyer up to seek claims. Those stories and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."
Protest Against Tornado Cash Developer’s Arrest
More than 50 people gathered in Amsterdam’s Dam Square Saturday to protest the arrest of blockchain developer Alexey Pertsev. He was arrested Aug. 10 on suspicion of involvement in the Tornado Cash protocol that was sanctioned earlier this month by U.S. authorities.