Tornado Cash Sanctions Overturned, Crypto Privacy Coins Surge
TL;DR Summary
Tornado Cash's token, TORN, surged nearly 383% after a U.S. Fifth Circuit Court ruling stated that immutable smart contracts cannot be classified as property, challenging the U.S. Treasury's sanctions. This decision led to a rally in privacy-focused cryptocurrencies like Railgun, Zcash, and Beam. The court's ruling is seen as a significant win for privacy advocates and the crypto community, emphasizing the autonomy of decentralized technology.
- TORN Jumps 380%, Privacy Coins Railgun, Zcash Surge After Tornado Cash Ruling Decrypt
- US Court Tosses Sanctions of Crypto Mixer Tied to N. Korea Hack Bloomberg
- Big victory in Tornado Cash case as judge says OFAC exceeded authority Cointelegraph
- Tornado Cash Sanctions Found Illegal, in Legal Win for Crypto The Wall Street Journal
- Appeals court reverses sanctions against Tornado Cash Axios
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