Tornado Cash Crackdown Sets Problematic Precedent, ARK Says

The Treasury Department’s crackdown on Tornado Cash sets a problematic precedent for cryptocurrency privacy controls, ARK Invest said in a recent newsletter. The Treasury Department’s Office of Foreign Assets Control (OFAC) last week sanctioned Tornado Cash, a token mixing service that allows for privacy-preserving transactions on the Ethereum blockchain, Frank Downing, ARK Invest analyst, wrote [...] The post Tornado Cash Crackdown Sets Problematic Precedent, ARK Says appeared first on ETF Trends .