CoinCenter: U.S. Treasury Sanction of Privacy Tools Places Sweeping Restrictions on All Americans

Damian Williams, the United States Attorney for the Southern District of New York and the district's chief federal law enforcement officer, announced his resignation. He will step down from his position effective at 11:59 p.m. on December 13, 2024.

The Fifth Circuit Court of Appeals determined that the Office of Foreign Assets Control (OFAC) exceeded its authority by adding Tornado Cash to its Specially Designated Nationals and Blocked Persons (SDN) List.

Coin Center anticipates good policy in areas of securities and banking regulation, while "the outlook is less certain in the anti-money laundering, tax reporting, and sanctions areas."

Gary Gensler, the Chairman of the U.S. Securities and Exchange Commission, has announced his intention to resign on January 20, 2025, according to a statement released on Thursday.