US EditionTORN Spikes 5% After U.S. Appeals Court Okays End of Another Tornado Cash Lawsuit
- On July 3, 2025, a U.S. federal appeals court vacated the prior ruling and directed that the lawsuit related to sanctions on Tornado Cash be dismissed.
- The dismissal came after the U.S. Treasury Department lifted sanctions on Tornado Cash in March 2025 and a Texas court ruled that the initial sanctions were unlawful.
- Coin Center and the Treasury jointly filed a motion to vacate the district court ruling and dismiss the case because the appeal became moot after OFAC ended sanctions enforcement.
- Peter Van Valkenburgh, Executive Director of Coin Center, announced that the legal dispute concerning the government's authority to impose sanctions on Tornado Cash has concluded, highlighting that the government chose not to continue defending its expansive interpretation of the sanctions laws.
- This legal resolution ends enforcement of Tornado Cash sanctions, though criminal money laundering charges against its developers, including a trial scheduled June 14 in New York, remain ongoing.
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Crypto Briefing
Crypto BriefingUS government abandons Tornado Cash appeal after policy reversal
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The US Court of Appeals for the Eleventh Circuit has rejected an appeal by the non-profit organization Coin Center, which attempted to challenge the decision of the US Treasury Department's Office of Foreign Assets Control (OFAC) to include the crypto mixer Tornado Cash on the sanctions list.
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