Treasury Says Crypto Mixer Is 'Corporation In All But Name'

[Gunnar Larson]

Treasury Says Crypto Mixer Is 'Corporation In All But Name'
<https://www.law360.com/fintech/articles/1813503?nl_pk=d2b3e7ef-ab62-4a62-804a-08b1615aa913&utm_source=newsletter&utm_medium=email&utm_campaign=fintech&utm_content=2024-03-14&read_main=1&nlsidx=0&nlaidx=0>

By Aislinn Keely

The U.S. Department of the Treasury told the Fifth Circuit on Wednesday
that it was justified in sanctioning crypto mixer Tornado Cash because the
crypto project "is a corporation in all but name" rather than ownerless
computer code, as its users contend.

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