TORN Removed from US Sanctions List Fuels Price Surge
21.03.2025 20:32
The U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) has removed Tornado Cash from its Specially Designated Nationals (SDN) list, easing regulatory pressure on the altcoin TORN. This decision came after Tornado Cash addresses were removed from the sanctions list, resulting in a swift and significant rise in the coin’s price. The announcement has sparked renewed investor interest in TORN as market participants interpret the removal as a signal of reduced legal risk. The clear regulatory green light is seen as a catalyst for future adoption and trading activity, with traders responding rapidly based on historical precedents where similar regulatory clarifications led to short-term rallies and long-term bullish sentiment.
TORN is expected to see an immediate price boost as the removal from the OFAC sanctions list reduces regulatory uncertainty and legal risks. Short-term, this news is likely to drive buying pressure due to increased investor confidence and a surge in trading volumes, reminiscent of similar regulatory clarifications in the past. In the long term, if the easing of regulatory pressure continues and spurs further institutional acceptance and adoption, TORN may sustain its upward trend. Influential market signals and historical patterns support a numeric rating suggesting a moderate-high likelihood of continued price appreciation in both the short term (around 7/10) and long term (around 8/10), though market volatility remains a factor.
Sources
Tornado Cash Removed From US Treasury’s OFAC Sanctions Roster
Bitcoinist.com
22.03.2025 16:30
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