BREAKING: US Treasury Backs Down—Tornado Cash Ethereum Mixer Case Collapses
Regulators fold their hand against crypto's favorite privacy tool—was this a strategic retreat or just another bureaucratic blunder?
The Punchline
After months of saber-rattling, the Treasury Department just dropped its enforcement action against Tornado Cash. The Ethereum mixer—once labeled a 'threat to national security'—walks free. Cue the decentralized victory laps.
Why This Matters
Privacy tech wins this round, but the war's far from over. The Feds still hate anything they can't subpoena—just ask the IRS auditors crying into their spreadsheets.
The Irony
Meanwhile, Wall Street keeps laundering billions through 'legitimate' channels. But sure, let's obsess over a few anonymized ETH transactions.
What's Next?
DeFi builders are already weaponizing this precedent. Next stop: A Supreme Court showdown or more regulatory whack-a-mole? Place your bets.
