Elizabeth Rosenberg, the assistant secretary for terrorist financing and financial crimes at the United States Department of the Treasury, suggested sanctioning cryptocurrency mixers could help strengthen the government’s response to foreign entities looking to use digital assets for illicit means.
In a Tuesday hearing of the Senate Banking Committee, which covered sanctions on Russia, Rosenberg
In addition to blenders including Blender.io and Tornado Cash, the Treasury targeted specific Bitcoin (BTC) addresses allegedly tied to individuals in a Russian neo-Nazi paramilitary group and an Iran-based ransomware group in September. Amid criticism and uncertainty among crypto users, the Treasury later clarified that no one was prohibited from sharing Tornado Cash’s code on websites or publications.
