Under Donald Trump's wing, the US Treasury Department lifted sanctions on tornado cash. This move is considered a major victory in decentralization. This is a central tenet of blockchain technology.
Though he is a hero of crypto investors who values financial freedom, this open source, non-legal crypto mixer story is not without its problems.
Crypto mixer behind over $700 million theft
Tornado Cash gives investors financial freedom by obscuring transaction trails. Centralized agencies block monitoring and possibly controlling cryptographic activity.
But its reputation for enabling economic freedom draws the wrong kind of attention. For example, historically, hackers, including those of the North Korean-related Lazarus group, have been able to wash their profits.
Tornado cash was placed on the sanctions list in August 2022 after US Foreign Asset Management (OFAC) fully understood its capabilities.
However, in November 2024, the U.S. Fifth Circuit's decision challenged tornado cash sanctions. OFAC argued that it cannot ban the mixer as it acts beyond its authorized authority and operates through immutable smart contracts rather than “property.”
The verdict spread and the tornado cash sanctions were lifted on March 21, but they may not be revoked forever.
In a recent X-Post, Paul Grewal (Coinbase Chief Justice Secretary) pointed out that the Ministry of Finance's claim that it was a “Moot” was not legally valid. Anyway, as long as you can prove that the history doesn't repeat and similar actions don't occur.
Nevertheless, lifting tornado cash sanctions is a huge victory for the crypto landscape. Decentralization will take the lead once. Privacy and freedom experts celebrate the fact that they are economically independent and have full control over crypto revenues.
Those seeking a fully anonymous on-chain manage Kyc's crypto wallets with minimal control so that they can buy and sell and manage crypto with minimal friction and third-party surveillance.
For ultimate security, we recommend combining the best wallet with tornado cash to hide the footprint of transactions from criminals and governments.
Join the best wallet and bypass all centralized control
Best Wallet is an unlawful crypto wallet that is not the top of Kyc. Compared to central exchange wallets where you need to submit control of your personal data and private keys, Best Wallet allows you to stay anonymous and keep your keys.
Best Wallet sees growth of 50% per month, with ambitions to exceed 40% of the non-lawyer market by 2026
With that mobile app you can start buying 1K+ CryptoCurrencies (including top meme coins) right away. Not having to undergo KYC verification in advance means that the hot investment opportunities won't slip you.
What's more, it's the first crypto wallet to appear in advance for the best crypto. Buying coins at the lowest price before they are listed and attract mainstream attention means you will benefit from the surge in initial prices that often occur after launch.
It also offers the opportunity to become part of the Crypto Project community and enjoy plenty of early investor perks.
For example, when you buy a wallet native token, $Best, you will be charged a lower transaction fee when using the best wallet, exclusive early access to new tokens, and key decision statements within the best wallet ecosystem.
You can also bet the best $ for passive income with the currently impressive 139% APY.
Currently, it's $0.02445 to buy one of the best on Presale. Our best wallet token price forecasts are projected to be more than 194% spicking and reaching $0.072 by the end of the year (following new developments, like the debut of its own Crypto debit card).
Verdict – Best Wallets Boost Crypto Privacy
Ultimately, the lifting of Tornado Cash Ancction shows a pivotal moment in the crypto narrative, a vote on the principles of freedom and privacy that decentralization allows.
The best wallets represent similar values. It is completely non-obligatory and bypasses KYC verification, honoring the best wallet and defending your right to the privacy and management of your property.
As the saying goes – it's not your key, it's your code.
Best Wallet allows you to buy, sell, trade and manage 1K or more cryptos without centralized monitoring. Reduce the surface of digital attacks and trade thousands of crypto with confidence. Everything is from within the easy-to-use mobile app.
But as always, do your research. Your crypto investment is your responsibility and this is not financial advice.
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