Victory for Privacy: U.S. Court Rules Against Treasury Sanctions on Crypto Privacy Tool, Upholding Key Rights for Developers and Users
In a recent ruling by the Fifth Circuit Court, the U.S. Treasury’s sanctions on Tornado Cash, a privacy-focused smart contract tool, were found to be illegal, marking a significant victory for the cryptocurrency industry and advocates of digital privacy. Tornado Cash had been previously sanctioned on allegations that it facilitated illegal activities due to its ability to anonymize cryptocurrency transactions. This landmark case highlights ongoing debates surrounding technology, privacy, and regulation. The court’s decision clarified that immutable smart contracts, such as those used by Tornado Cash, do not constitute property that can be sanctioned; they … Read more