CoinVoice has recently learned that on Tuesday, the court ruled that immutable smart contracts do not constitute property and cannot be sanctioned under current law, with some observers claiming this is a significant victory for privacy advocates.
10X Research stated in a report to investors on Wednesday: “Although this ruling does not recognize money laundering, it sets a precedent that allows programmers to develop and publish smart contract protocols without charging fees and without fear of sanctions.” This move also allows developers to better understand what they can build without falling under regulatory scrutiny, especially on Ethereum, “as Ethereum remains the main battleground for DeFi, this decision has positive implications for the broader DeFi ecosystem and other protocols (particularly on the Ethereum network). This could have a huge impact.”
Former Coinbase CTO and prominent cryptocurrency entrepreneur Balaji Srinivasan stated on X on Wednesday: “Privacy has won. Smart contracts have won. Tornado Cash has won. And OFAC has lost.” [Original link]
