How Tornado Cash US Ban Could Impact Future of Crypto

Aug 11, 2022

Galaxy Digital has published a report on how the U.S. Treasury department’s sanction of crypto mixer Tornado Cash could impact the future of crypto. Galaxy Digital Head of Research Alex Thorn shares insights into the report, breaking down the history of Office of Foreign Assets Control’s (OFAC) sanctions on crypto, the state of the total value of assets locked (TVL) on Tornado Cash and its impact on DeFi, and how Tornado Cash exposed stablecoin vulnerabilities.