Crypto Blog
The federal appeals court ruled against the US Treasury Department’s sanctions on Tornado Cash in a Court of Appeals in New Orleans on Tuesday, Nov. 26.
The court found that the Tornado Cash software’s code cannot be classified as “property” that can be sanctioned. Coinbase supported the legal challenge, arguing against the blanket blocking of open-source technology.Circuit Judge Don Willett said the US government’s concerns about foreign actors laundering funds through the crypto mixer are “undeniably legitimate.
“Until then, we hold that Tornado Cash’s immutable smart contracts are not the ‘property’ of a foreign national or entity, meaning they cannot be blocked.”Tornado Cash in 2022, claiming it was used to launder over $7 billion in crypto, including $455 million by hacking groups associated with North Korea.
“These smart contracts must now be removed from the sanctions list, and US persons will once again be allowed to use this privacy-protecting protocol. Put another way, the government’s overreach will not stand.”
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