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US Treasury’s Tornado Cash Sanctions Are ‘Unprecedented’, Warns Congressman

With only 28 legislative days left this year, “it’s unlikely that any crypto legislation is going to move,” Rep. Emmer said, referring to bills clarifying which U.S. regulatory agency should oversee the cryptocurrency market. However, it’s “highly likely” next year the crypto community could finally get some sort of regulatory clarity, “so we hold not only regulators accountable, but they know what their lane is.”