US Treasury Explains How Americans Can Recover Crypto Locked in Tornado Cash

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US Treasury Explains How Americans Can Recover Crypto Locked in Tornado Cash
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JUST IN: The USTreasury published new FAQs Tuesday, detailing how U.S. persons can withdraw any crypto locked in privacy mixer Tornado Cash, among other issues. nikhileshde reports

U.S. residents and citizens can apply for a license to recover any funds they have that are locked in Tornado Cash, the Treasury Department said Tuesday.

The sanctions saw an immense backlash from the crypto industry, with concerns ranging from whether software could be sanctioned to how people using Tornado Cash for legal purposes could recover any funds locked in the tool's smart wallets. While Treasury did not address the software concerns, the FAQs said people could"U.S.

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