Court Overturns Tornado Cash Sanctions, Boosting Crypto Sector
TL;DR Summary
The U.S. Fifth Circuit Court's ruling that immutable smart contracts like those used by Tornado Cash cannot be classified as property has sparked optimism in the cryptocurrency community, particularly benefiting Ethereum and decentralized finance (DeFi) protocols. This decision is seen as a victory for privacy advocates and could provide developers with more freedom to innovate without fear of sanctions. Following the ruling, Tornado Cash's token, TORN, surged significantly, and other privacy-focused tokens and DeFi projects also saw gains.
- Tornado Cash Ruling a Boon For Ethereum and DeFi Says 10X Research Decrypt
- Tornado Cash Sanctions Found Illegal, in Legal Win for Crypto The Wall Street Journal
- U.S. Treasury overstepped authority in Tornado Cash sanctions, court rules: CNBC Crypto World CNBC
- Court overturns US sanctions against cryptocurrency mixer Tornado Cash Reuters
- Appeals court reverses sanctions against Tornado Cash Axios
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