Tornado Cash Sanctions Overturned, Crypto Privacy Coins Surge
Originally Published 1 year ago — by Decrypt
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.