TORNADO CASH BANNED IN THE U.S.

The United States has banned Tornado Cash. 

TORN experienced sudden drop in price after the news.  -27% in the last 24 hours.

Tornado Cash is an Ethereum-based mixer used to hide the origin of crypto transactions. Naturally, scammers, hackers, people, and organizations involved in illegal crypto activities use it to hide their tracks.

My take: It was working so well that they had to ban it.