TORN Token Soars Following Court Ruling on Tornado Cash
The price of Tornado Cash’s token, TORN, surged to a two-year high following a U.S. federal appeals court decision declaring the Treasury Department’s sanctions on the platform unlawful. This ruling reinforces the legitimacy of on-chain privacy tools utilized for anonymous cryptocurrency transactions. Tornado Cash operates using immutable smart contracts that ensure privacy in financial dealings. Following this pivotal judgment, investor enthusiasm for TORN has gained considerable momentum. The court’s ruling serves as a crucial precedent in the battle for digital privacy rights in the evolving cryptocurrency landscape.
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