US court overturns Tornado Cash sanctions in pivotal case for crypto

The federal court overturned the 2022 sanctions, which argued that Tornado Cash facilitated the laundering of more than $7 billion. Read more

Tornado Cash's TORN price surges 120% amid news of sanction relief

Tornado Cash’s TORN token jumped 124% on Jan. 22 as speculators reacted to news that a court ruling lifted U.S. sanctions on the platform’s smart contracts. Tornado Cash’s (TORN) token surged 124% on Jan. 22 following a Jan. 21 court…

A Texas District Court rules against Tornado Cash sanctions, ordering a previous decision to be reversed; the US sanctioned Tornado Cash in August 2022

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Texas District Court overturns penalties imposed on Tornado Cash

A court in Texas has overturned sanctions imposed on developers of the privacy-focused cryptocurrency Tornado Cash, in a significant win for crypto privacy advocates. The ruling came after the developers of Tornado Cash were initially sanctioned for not providing information about the project’s users to the US government. However, the court reversed the decision, stating that the developers were not subject to US jurisdiction as they are located…

Texas District Court reverses Tornado Cash sanctions

Despite the ruling, Tornado Cash developer Pertsev remains under arrest for money laundering-related charges, despite operating a non-custodial crypto mixer.

BREAKING: US Appeals Court Overturns Treasury Sanctions on Tornado Cash, Citing Overreach

The U.S. Court of Appeals for the Fifth Circuit has overturned the Treasury Department’s sanctions on Tornado Cash, ruling that the agency exceeded its authority under IEEPA. The court found that Tornado Cash’s immutable smart contracts cannot be considered “property” and are not subject to government sanctions. The case is remanded to the District Court to rule in favor of the plaintiffs. Official Document Link https://twitter.com/L0laL33tz/st…