TOKENIZATION POLICY
The Vanderbilt Terminal for Digital Asset Policy & Regulation
INDEPENDENT INTELLIGENCE FOR TOKENIZATION POLICY, LEGISLATION & POLITICAL ECONOMY
GENIUS Act: Signed Law ▲ Jul 18 2025| MiCA Status: Live ▲ Dec 2024| CLARITY Act: Senate Pending ▲ Jul 2025| Crypto Lobbying 2024: $202M PAC ▲ Fairshake| OECD CARF Countries: 75+ ▲ +12| CBDC Projects: 130+ Active ▲ Atlantic Council| FATF Travel Rule: 73% Compliant ▲ Jun 2025| Pro-Crypto Congress: 300+ Members ▲ +91| GENIUS Act: Signed Law ▲ Jul 18 2025| MiCA Status: Live ▲ Dec 2024| CLARITY Act: Senate Pending ▲ Jul 2025| Crypto Lobbying 2024: $202M PAC ▲ Fairshake| OECD CARF Countries: 75+ ▲ +12| CBDC Projects: 130+ Active ▲ Atlantic Council| FATF Travel Rule: 73% Compliant ▲ Jun 2025| Pro-Crypto Congress: 300+ Members ▲ +91|

Tornado Cash

Sanctions Evasion and Crypto: The Policy Response to North Korea, Russia, and Iran

North Korea's $1.5B Bybit hack, Russia's post-invasion crypto use, and Iran's years-long crypto mining for sanctions evasion have produced a specific policy response — FATF tightening, OFAC designations, Tornado Cash sanctions — that defines the security dimension of crypto regulation.

Donovan Vanderbilt · February 24, 2026 · 9 min read

Sanctions Screening for Crypto

The obligation of crypto exchanges and other VASPs to screen transactions and counterparties against sanctions lists, including the landmark Tornado Cash litigation that tested whether smart contracts can be sanctioned.

Donovan Vanderbilt · February 24, 2026
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