Here’s what happened in crypto today
In today's crypto market, analysts expect continued pressure due to ongoing trade wars, with volatility likely remaining until at least April 2. The US Treasury has removed the crypto mixer Tornado Cash from its sanctions list, following a court ruling that its smart contracts cannot be sanctioned as they do not belong to any specific individual or entity. Tether is working with a Big Four accounting firm to conduct its first full financial audit to reassure investors about its USD reserve backing. This decision comes amid increasing concerns regarding Tether's lack of independent audits, and Tether CEO stated it's a top priority for the company. The overall crypto market, influenced by trade war tensions, could see a more stable direction after tariff-related uncertainties are resolved between now and July.
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