Golden Finance reports that the Fifth Circuit Court's ruling on the Tornado Cash case has sparked widespread optimism, with significant increases seen in decentralized protocols on Ethereum and privacy-focused tokens. On Tuesday, the court ruled that immutable smart contracts are not property and cannot be sanctioned under current law, marking what some observers claim is a significant victory for privacy rights advocates. In a note to investors on Wednesday, 10X Research stated: "While this ruling does not condone money laundering, it sets a precedent that allows programmers to develop and publish smart contract protocols without fear of sanction, provided they do not charge fees. This move also gives developers a clearer understanding of what they can build without falling under regulatory scrutiny, especially on Ethereum, where most decentralized applications are developed."

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