The Treasury Department blacklisted Tornado Cash, a cryptocurrency mixer service, for allowing hackers to launder illicit funds. Meanwhile, a Republican commissioner serving on the Federal Trade Commission announced his resignation on Monday. This is Hillicon Valley, detailing all you need to know about tech and cyber news from Capitol Hill to Silicon Valley. Send tips to The Hill’s Rebecca Klar and Ines Kagubare. Someone forward you this newsletter? Subscribe here. Treasury sanctions crypto mixer The Treasury Department imposed sanctions on Monday against cryptocurrency mixer Tornado Cash for helping hackers launder more than $7 billion worth of virtual currency since i
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