The judge appeared reluctant to allow lawyers to mention the U.S. Department of the Treasury sanctions against Tornado Cash in 2022 after the sanctions were lifted in March.

This decision was made to limit the impact of information about the withdrawn sanctions, helping the parties focus on the main issue in the lawsuit related to Tornado Cash.

MAIN CONTENT

  • The judge opposed the mention of sanctions that have been withdrawn.

  • The sanctions imposed by the U.S. Department of the Treasury in 2022 against Tornado Cash.

  • The sanctions were lifted in March of the same year, affecting the judicial process.

What is the judge's view on mentioning the Tornado Cash sanctions?

The judge decided not to support lawyers presenting information about the U.S. Department of the Treasury's 2022 sanctions against Tornado Cash in the current trial. This is to maintain fairness and avoid causing information disruption outside the scope of the lawsuit.

The judge stated that he would not encourage mentioning the sanctions that have been lifted to ensure that the trial focuses on core issues.

Quote from the Judge's statement at the June 2024 trial

When and why were the U.S. Department of the Treasury sanctions against Tornado Cash imposed?

In 2022, the U.S. Department of the Treasury announced sanctions targeting Tornado Cash, a cryptocurrency mixing service, aimed at preventing money laundering and supporting illegal activities.

The imposition of sanctions is seen as an important step in managing security risks in the DeFi space, reflecting the seriousness of the U.S. government in regulating cryptocurrency.

Why were the Tornado Cash sanctions lifted in March this year?

In addition to the legal and policy reviews, the U.S. Department of the Treasury withdrew the sanctions against Tornado Cash in March 2024 to avoid complex legal issues as well as consider the impact on technology and users.

The withdrawal of the sanctions reflects the process of policy adjustment in line with practical realities and updated legal principles.

Excerpt from the official statement of the U.S. Department of the Treasury, March 2024

What is the impact of not mentioning the Tornado Cash sanctions on the trial?

The decision not to mention the withdrawn sanctions helps the trial focus more on the evidence and legal arguments directly related to the case, avoiding misunderstandings and ensuring fairness for the parties involved.

What should stakeholders be aware of in this matter?

Lawyers and participants in the trial must adhere to the judge's directives, focusing on the key legal content in the case file to ensure that the proceedings are fair and efficient.

Frequently Asked Questions

What is the nature of the Tornado Cash sanctions? It is a regulatory measure to prevent legal violations in the cryptocurrency sector, related to money laundering and illegal financing. Why did the judge oppose the mention of the sanctions? Because the sanctions have been lifted, mentioning them could lead to misunderstandings and affect fairness in the trial. Will the withdrawal of sanctions impact the future of cryptocurrency regulation? The withdrawal reflects a refinement, adjusting policies to align with current realities and laws. What is the official source providing information about the sanctions? The U.S. Department of the Treasury is the official agency, and public statements and documents confirm this information. Can evidence related to the withdrawn sanctions be reused? No, as the judge has prohibited it; parties need to update and prepare new legal evidence accordingly.

Source: https://tintucbitcoin.com/tin-hieu-cam-tornado-cash-tu-tham-phan/

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