The US Fifth Circuit Court decided that the Treasury made a mistake when it punished Tornado Cash, a software that can’t be changed, because of some bad things happening with it. They explained that this software can’t be seen as property, which means it can’t be punished with the law they’re using.
This decision is important because it helps people who want to make similar tools for privacy and makes sure the law is being used correctly. The Treasury punished Tornado Cash because they said it helped with some illegal activities, but the court’s decision means the software can continue working without being stopped.
Source
<p>The post Smart Contracts Unclassified as Property, Win for Privacy Advocates first appeared on CoinBuzzFeed.</p>