Tornado Cash Statement from the US Department of the Treasury: “We are behind you!”

In recent months, the US government cryptocurrency mixer Tornado CashThere was much talk about the sanctions imposed on him.

Although the sanctions imposed on Tornado Cash have been criticized by prominent names in the crypto industry, the US government stands behind this decision.

Speaking to the Senate Banking Committee Elizabeth Rosenberg, Deputy Assistant Secretary of the Treasury, like Tornado Cash cryptocurrency He said sanctions against agitators could be a deterrent to criminals who would use crypto technology to launder money.

Senator known for his anti-crypto rhetoric in his speech to the committee Elizabeth WarrenAnswering the questions of Rosenberg, he also stated that these sanctions may strengthen the US’s sanctions strategy against Russia and other actors who resort to illegal means.

Rosenberg, who is also the assistant secretary of the department responsible for terrorist financing and financial crimes in the US government, said that they are behind the Tornado Cash sanction decision and that they will continue to impose such sanctions:

“The sanctions we impose on crypto mixers like Tornado Cash are an effective way we can use to indicate that we cannot tolerate crimes such as money laundering.”

Warren also asked Rosenberg whether cryptocurrencies could be used by Russian oligarchs to evade sanctions against Russia.

Rosenberg answered this question. “Yes, senator. This is possible.” gave the answer.

As you may remember, the US Treasury announced on August 8 that Tornado Cash, a cryptocurrency mixing service that allows users to hide the details of transactions, has been added to the OFAC sanctions list.