Last Monday, the U.S. Treasury Department blacklisted the cryptocurrency mixer Tornado Cash, banning U.S. citizens from using the service because “since its creation in 2019, more than $7 billion worth of virtual currency has been laundered through it.

On Tuesday, the automated mailing service Mailchimp deactivated the account of the news resource Decrupt without warning. The same thing happened later with a group of other cryptocurrencies, including Messari and Edge Wallet. The scope of these events varies, but they are all part of the movement against cryptocurrencies, which is supported by everyone from the government to corporations.

If nothing changes, this trend will soon spread throughout society. The bear market, the collapse of Terra, Celsius, and other irresponsible and ill-conceived projects that should not be seen as representative of the industry has given opponents of cryptocurrencies arguments that the whole industry is a fraud and a pyramid scheme.

Continue reading: https://altcoin.ng/is-the-blocking-of-tornado-cash-the-beginning-of-u-s-war-on-cryptocurrency/