The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has announced a change to its Specially Designated Nationals and Blocked Persons List (SDN List). On March 21, 2025, an entity named Tornado Cash had its assets unblocked, and it was removed from the SDN List. Additionally, an update was made to the listing of an individual, Roman Semenov, although the specifics of the change were not detailed. Despite these changes, any property or interests of this individual under U.S. jurisdiction remain blocked, and U.S. citizens are still largely prohibited from conducting transactions with him.
Simple Explanation
The U.S. Treasury is telling everyone that they no longer have special rules for a company called Tornado Cash, but they are still watching out for a person named Roman Semenov, and people in the U.S. can't do business with him.