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Does the Merge change how Ethereum is regulated? (No.)

The Ethereum Merge is resurfacing questions about regulatory differences between proof-of-stake and and proof-of-work. As we've said many times, we do not believe that the technological differences between POS and...

How does Tornado Cash actually work?

Today Coin Center published a detailed factual explanation of how Tornado Cash works. We worked with several world-class Solidity experts who generously donated their time to look directly at the...

U.S. Treasury sanction of privacy tools places sweeping restrictions on all Americans

Tornado.cash—the website and associated Ethereum addresses—has been added to the OFAC (Office of Foreign Assets Control) SDN list (the list of Specially Designated Nationals with whom Americans and American businesses...

Cryptocurrency isn’t the primary threat to sanctions enforcement

The effect of cryptocurrency technology on the U.S.’s ability to enforce sanctions is a topic that has been receiving more and more government attention. Mostly it has been a reaction...

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