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January 22, 2025

Tornado Cash Token Soars 130% After Court Lifts Sanctions: What It Means for Investors

The native token of Tornado Cash, TORN, has surged by 130%, trading at $17.74 following a groundbreaking decision by a U.S. appeals court to lift sanctions imposed by the Treasury’s Office of Foreign Assets Control (OFAC). This ruling has considerably renewed confidence among investors, signaling a favorable change in the regulatory landscape. The market has responded positively to the news, and the surge in TORNโ€™s price highlights the critical connection between legal decisions and market trends. Investors are keeping a close watch on the implications of this ruling for Tornado Cash and the broader cryptocurrency market.

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