Big win for crypto: US court rules sanctions Tornado Cash crossed the line

By @nake13

The article discusses a landmark ruling by the U.S. Fifth Circuit Court of Appeals, stating that OFAC exceeded its authority by sanctioning Tornado Cash’s immutable smart contracts. The court ruled that these decentralized, self-executing codes do not qualify as “property” under legal definitions, marking a significant victory for the plaintiffs. This decision highlights the challenges of regulating emerging technologies like blockchain while ensuring technological neutrality. It emphasizes the need for updated legislation to address misuse, such as money laundering, without overextending administrative powers or stifling innovation.

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