Coinbase Chief Legal Officer Paul Grewal recently posted on X, mentioning that the Fifth Circuit Court of Appeals ruled that the Treasury's sanctions on Tornado Cash's smart contracts were illegal. 🤔

Just before the ruling, some in Congress questioned why the code was still being used despite the sanctions. Now, they may ask: how many Americans could have legally used Tornado Cash but lost their right to privacy due to government legal violations? 🤷‍♂️

This ruling has sparked a wide discussion on cryptocurrency privacy rights and has prompted a reevaluation of the government's role in regulating blockchain technology. 🔍