🌙 Tornado Cash Sanctions Lifted

The U.S. Department of the Treasury lifted its sanctions against Tornado Cash, a censorship-resistant cryptocurrency mixer. The U.S. sanctioned the mixer in 2022 for money laundering.

Author

Mike Gavela
March 21, 2025

Crypto Roundup - March 21

The recent lifting of sanctions on Tornado Cash by U.S. authorities has sparked a debate on the implications for privacy and financial regulations within the cryptocurrency sector. Simultaneously, Eric Trump has joined the board of advisers for MetaPlanets, signaling a significant endorsement from a high-profile figure. Meanwhile, the launch of MegaETH's public testnet has been announced, promising superior performance speeds compared to existing platforms like Base Monad.

Top Stories

  • Tornado Cash Sanctions Lifted: U.S. authorities have recently reversed the sanctions on Tornado Cash, raising discussions on privacy rights and regulatory impacts in the crypto industry.

  • Eric Trump Advises MetaPlanets: Eric Trump has been appointed to the board of advisers for MetaPlanets, reflecting growing interest and investment in the cryptocurrency space from prominent figures.

  • MegaETH's Faster Testnet: MegaETH has launched its public testnet, claiming faster transaction speeds than the well-known Base Monad, potentially reshaping expectations in blockchain technology performance.

TOP STORIES

Tornado Cash Sanctions Lifted: A Win For Privacy Or A Risky Move?

Treasury lifts sanctions on crypto mixer Tornado Cash, reigniting debate on financial privacy, innovation, and the effectiveness of sanctions against illicit finance.

www.forbes.com/sites/beccabratcher/2025/03/21/tornado-cash-sanctions-lifted-a-win-for-privacy-or-a-risky-move

Eric Trump Joins Metaplanet's Board Of Advisers

Metaplanet, Japan's biggest corporate bitcoin holder, appoints Eric Trump to its new strategic advisory board.

bitcoinmagazine.com/news/eric-trump-joins-metaplanets-board-of-advisers

MegaETH Launches Public Testnet, Claims To Be Faster Than Base, Monad - "The Defiant"

The network airdropped testnet tokens to nearly 200,000 wallets in 15 seconds to try out testnet applications.

thedefiant.io/news/blockchains/megaeth-launches-public-testnet-claims-to-be-faster-than-base-monad

FUNDRAISING

OTHER HEADLINES

Coinbase Is in Advanced Talks to Buy Derivatives Venue Deribit

Coinbase Global Inc. is in advanced discussions to acquire crypto derivatives exchange Deribit, the world’s largest trading platform for Bitcoin and Ether options, according to people with knowledge of the matter.

www.bloomberg.com/news/articles/2025-03-21/coinbase-in-advanced-talks-to-buy-derivatives-venue-deribit-coin?embedded-checkout=true

OCC to remove ‘reputational risk’ from bank inspection guidelines

The move from the national bank regulator would prevent banks from refusing to serve clients involved in controversial industries.

blockworks.co/news/occ-reputational-risk-banking

Mysten Labs’ Walrus could reshape decentralized gaming and apps

Walrus, a storage-platform alternative to AWS or IPFS, launches its mainnet March 27, following a $140 million in funding round.

blockworks.co/news/mysten-labs-walrus-decentralized-gaming

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