Alex Thorn, Research Director at Galaxy Digital, stated that historically, the U.S. Treasury’s Office of Foreign Assets Control (OFAC) sanctions list (SDN list) has included 518 Bitcoin addresses that have collectively received 249,814 BTC and sent 239,708 BTC, leaving a net holding of approximately 9,306 BTC—equivalent to about $707 million at current market prices. Thorn also noted that OFAC sanctions are only one of several tools the U.S. uses to intercept illicit assets, and the CLARITY Act will further expand the Treasury’s authority in this area.
Head of Galaxy Research: US OFAC Sanctions List Includes 518 Bitcoin Addresses
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Summary
Galaxy Digital research head Alex Thorn revealed that the U.S. Treasury’s OFAC sanctions list includes 518 Bitcoin addresses linked to CFT efforts. These addresses have received 249,814 BTC and sent 239,708 BTC, holding 9,306 BTC valued at $707 million. Thorn stated that OFAC sanctions help intercept illicit assets, and the CLARITY Act will enhance the Treasury’s powers. Meanwhile, the debate over Bitcoin ETF approval remains prominent as regulatory scrutiny intensifies.
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