Massive Court Victory for Tornado Cash: Sanctions Declared Unlawful
A landmark ruling from the U.S. Court of Appeals has declared that the immutable smart contracts of Tornado Cash cannot be considered property, placing them beyond the reach of the U.S. Treasury’s sanctions. This decision represents a significant victory for privacy-centered technologies and underscores the limitations of governmental control over decentralized systems. As a result of this ruling, the price of Tornado Cash’s TORN token surged by 400%, reflecting investor optimism in the wake of the news. The court’s decision enhances the legitimacy of privacy tools within the cryptocurrency space, potentially paving the way for future innovations.
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