March 22, 2025
Location: Global
In a significant shift in cryptocurrency regulation, the U.S. Treasury Department has removed Tornado Cash, a cryptocurrency mixer, from its sanctions list. Initially blacklisted in 2022 for allegedly laundering over $7 billion, including funds stolen by North Korean hackers, the sanctions were lifted following legal challenges and policy reviews. Despite this change, Treasury Secretary Scott Bessent emphasized continued vigilance against North Korea’s cyber activities. CoinDesk+2Axios+2Reuters+2Reuters
In a related development, President Donald Trump is scheduled to deliver virtual remarks at a cryptocurrency industry conference at 10:40 a.m. (1440 GMT) today. This appearance underscores the growing intersection of politics and cryptocurrency, reflecting the industry’s increasing influence in Washington. ReutersThe Verge
Furthermore, the cryptocurrency community is making its mark in Washington with the opening of Pubkey, a bar known for accepting Bitcoin. Originally established in New York City in 2022, Pubkey offers a casual atmosphere combining a dive bar and podcast studio. The Washington location aims to attract a bipartisan crowd interested in Bitcoin discussions, highlighting the expanding reach of cryptocurrency culture. The Verge+1Axios+1
These developments illustrate the dynamic and evolving nature of the cryptocurrency landscape, with significant regulatory changes, political engagement, and cultural integration shaping its trajectory.
