Regulatory sanctions against Tornado Cash How could this threaten the crypto industry?


Hard times may be coming for the crypto community. A lot of people have already seen the news that the price of TORN cryptocurrency has dramatically collapsed, but it is not because of the crypto winter. Prior to August 8, TORN was trading at $30.5; at the time of writing, the coin is worth $8.88. Such a massive crash was triggered by the U.S. regulators. The point is that the updated sanctions list of the U.S. Treasury Department includes the Tornado Cash protocol. What were the main motivations for the regulators to make this decision and how it will affect the crypto industry, find out in details in this article.

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