By Sarah Jarvis (August 23, 2022, 9:06 p.m. EDT) – A US congresswoman in a letter to Treasury Secretary Janet Yellen on Tuesday asked for clarification on the “first of its kind” sanctions imposed earlier this month by the Office of Foreign Asset Control against so-called smart contract addresses associated with the Tornado Cash cryptocurrency mixing service, raising privacy and due process concerns.
U.S. Representative Tom Emmer, R-Minn., said in his letter that Tornado Cash’s addition to OFAC’s Specially Designated Nationals and Blocked Persons, or SDN, list appears to be a departure from the previous OFAC precedent since several of Tornado Cash’s Ethereum addresses are not people, entities, or property, but rather technological tools that are not…
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