TORN soars 55% after US removes emoves Tornado Cash from sanctions list
- Tornado Cash price rose more than 55% after US removed the crypto mixer from its sanctions list.
- TORN hit highs of $15.23 and looked poised for more gains.
Tornado Cash, a popular privacy-focused Ethereum mixer, has been removed from the U.S.
Office of Foreign Assets Control (OFAC) sanctions list. The announcement, made earlier today by the U.S. Department of Treasury has triggered a sharp rally in the price of TORN.
The governance token of the Ethereum based crypto mixer surged by 55% within hours of the news.
US delists Tornado Cash from sanctions list
The removal of Tornado Cash from the OFAC sanctions list marks a pivotal moment for the decentralized privacy tool, which had faced scrutiny since being blacklisted in August 2022.
OFAC had previously accused the mixer of facilitating illicit transactions, including money laundering by groups such as North Koreas Lazarus Group.
The sanctions had barred U.S. persons from interacting with Tornado Cash and frozen its associated Ethereum addresses, sparking debates over privacy, decentralization, and regulatory overreach in the crypto community.
Todays announcement reverses that stance, with authorities stating that Tornado Cash, its website, and related smart contracts are no longer subject to sanctions.
While the move is seen as a win for advocates of privacy-focused technologies in the blockchain space, some experts opine that just removing the platform from the blacklist isnt enough.
TORN price surges amid market excitement
The market response to the OFAC announcement saw TORN price climb to highs of $15.23, its highest level since late January 2025.
Daily trading volume however fell 58%, suggesting a decrease in selling as traders flipped bullish.
With Tornado Cash a key player in the crypto market, particularly for privacy-centric users, OFACs decision is a major one. Could this help TORN price? The tokens all-time high is $436.
Early this year, Tornado Cash soared 170% after a US court overturned the sanctions.
The post TORN soars 55% after US removes emoves Tornado Cash from sanctions list appeared first on CoinJournal.
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