The US has removed Tornado Cash from the sanction list. Ofc, a US Treasury’s Ministry of Treasury, announced that it has removed the digital asset addresses associated with the lathe from the sanction list. This surprise development created excitement in the market. With the influence of the news, the price of Torn Coin rose rapidly and the investor’s interest has been flared up again.
Removed from Tornado Cash sanction list
The US Treasury Ministry officially released ETH addresses associated with the Torn from the SDN list. This decision was announced on the official website of Ofac. Tornado Cash was deleted from the sanction list with the note “Digital Currency Address – Eth”. This development was met positively in the markets.
This decision was a major step for the future of Tornado Cash. Legal uncertainty has disappeared for now. A new road was opened in front of the project. Investors are no longer more cautious, but more willingly willing to be more cautious.
Torn Coin price jumped with news
Following the news that the sanctions were lifted, the price of lathe coin quickly headed up. The procurement pressure has increased seriously.
The basis of the rise has a news effect. However, technically, the deposit area was exited. If the procurement pressure continues, the price may go further up. New resistance levels can be tested.
Does the new era begin?
Investor confidence is slowly returning. Especially corporate investors closely follow this decision. Re -listings and integrations for the lathe may come up. This may increase the potential.
In addition, this decision may be a precedent in the crypto world. He can encourage other projects. In summary, the dark clouds on Tornado Cash seem to be scattered. Now the eyes are in new developments.
The market follows the direction of Torn
As Kriptokoin.com, as we mentioned in the article, the sudden jump in the lathe price can have a domino effect on the Altcoin market. Investors are now turning to similar projects.
Especially privacy -oriented projects may be positively affected by this news. The market refers to the Torn’s movement. The increase in the volume of the Torn Coin has completely turned the attention of the market into this asset. Volatility may increase in the short term, but new peaks are possible if positive weather is maintained. Investors are now closely monitoring the support-comrade zones. The next new news flow in the coming days seems to play a critical role in determining the course of the Torn.
