Crypto industry critics: US Treasury has no authority to sanction Tornado Cash
The US presidential candidate discussed cryptocurrency-related issues in an interview. Republican presidential candidate Vivek Ramaswamy stated that in August of this year, a judge agreed with the Treasury Department's view after the department sanctioned Tornado Cash last year. Critics of the crypto industry argue that Tornado Cash is not a person but a software, and the Treasury Department has no right to sanction Tornado Cash. Ramaswamy stated that punishing the entire protocol or operation, as in the Tornado Cash case, is illegal and unconstitutional under current law, which is different from holding individual wrongdoers accountable.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Jito (JTO) Price Surges 20%, Is the $3 Mark on Horizon?
Polygon's Sandeep Nailwal Takes Over as Foundation CEO Amid Strategic Shakeup
Shiba Inu Whale Transactions Over $100K Plunge as U.S. Inflation Data Looms
Ether price hits 15-week high: Will $1.8B in short liquidations send ETH above $3K?
Trending news
MoreCrypto prices
More








