💥 Crypto news: US lawmakers demand the Treasury Department explain Tornado Cash, a cryptocurrency mixing service sanctioned since 2022 but still operational.

🔹 Tornado Cash received $1.8 billion in deposits in the first half of 2024, a 45% increase compared to 2023. This issue shows no signs of stopping.

🔹 The service is accused of supporting rogue nations and cybercriminals. Lawmakers request information on illegal activities and enforcement measures.

🔹 Request to report suspicious activities and consider secondary sanctions against involved parties.

🔹 A lawsuit regarding the legality of sanctioning decentralized services is ongoing. The trial of the co-founder of Tornado Cash is set for 2025.

👉 What do you think about the future of cryptocurrency mixing services? Share your thoughts! 💬