Discover and read the best of Twitter Threads about #ZCon3
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1/ This week, the US Treasury Dept did something it’s never done before: it sanctioned a piece of code. Weird, right? Actually, it makes perfect sense. Let’s peel that onion!🧅🧵👇
2/ Specifically, Treasury added the 🌪️Tornado Cash URL and smart contract addresses to the Specially Designated Nationals And Blocked Persons List (SDN). TC is a crypto mixer that allows people to maintain their privacy online.
3/ Prior to Tornado Cash, sanctions have only been levied against persons. It is illegal for Americans to transact with any person on the SDN list. Due to the legal doctrine of corporate personhood, formal business entities can also be put on the naughty list.
