Ethereum Entities Largely Complied With Tornado Cash Sanctions, NY Fed Paper Says
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 07 2024
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Source: Yahoo Finance
Ethereum Block Builders and Tornado Cash: A report from the NY Fed indicates that Ethereum block builders have largely complied with sanctions against Tornado Cash, particularly after a court ruling in August 2023, although some activity with the mixer persists.
Impact of Sanctions on Usage: The study notes a significant decline in the value and volume of Tornado Cash transactions, suggesting that while cooperation with sanctions is evident, censorship-resistance may be weaker than transaction volumes imply.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
