US Lawmaker Questions Treasury’s Tornado Cash Sanctions

US Lawmaker Questions Treasury’s Tornado Cash Sanctions

US lawmaker Tom Emmer has requested the Treasury Department’s Office of Foreign Asset Control (OFAC) to justify its ‘unprecedented’ sanctioning of privateness mixer Tornado Cash.

In an open letter which was tweeted on Tuesday, Emmer stated the Treasury Department’s sanctions regarded like a “divergence from previous OFAC precedent” as a result of a few of the addresses added have been linked to sensible contracts and open-source software program, as a substitute of a specific individual or establishment.

OFAC had lately listed Tornado Cash as specifically designated nationals by alleging that it helped North Korea’s Lazarus hacking group launder hundreds of thousands of {dollars}.

Thus, Emmer additional argued that OFAC’s sanctions on the Tornado as per the Executive Order, are the primary sanctions issued towards one thing apart from an individual/entity decided ‘to be responsible for or complicit in’ dangerous cyber actions that may doubtlessly hurt US’ nationwide safety, overseas coverage, financial well being or monetary stability.

Emmer additional questioned OFAC, as to which entity ought to have imposed controls on Tornado Cash blockchain contracts based on OFAC. He additionally requested how U.S. customers can get their funds locked within the mixer again.

Emmer requested if the funds locked on Tornado Cash ‘through some mechanism or legal fiction’ belong to an entity on the SDN checklist or to the person who retains the funds within the mixer.

Emmer requested how Tornado Cash addresses might enchantment to their ‘definition’, as they aren’t categorized as individuals or entities.

Compiled by Coinbold

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