Opinion: The cryptocurrency industry has recently achieved two significant legal victories, striking a blow to Senator Warren's anti-money laundering bill.

Odaily Planet Daily reported that FOX Business journalist Eleanor Terrett stated on X that in the past few days, the cryptocurrency industry has achieved two significant legal victories: 1. Today, the Fifth Circuit Court of Appeals ruled on Tornado Cash, stating that the U.S. Treasury's action of adding open-source protocols to the list of sanctioned entities was illegal. This ruling will set a precedent that open-source technology cannot be banned merely because it is used by bad actors—this is also a blow to Senator Elizabeth Warren's anti-money laundering bill. 2. A district judge overturned the SEC's proposed expansion of the broker-dealer rule, which would include decentralized protocols and automated market makers in the agency's definition of 'dealer,' subjecting them to regulatory scrutiny. The judge ruled that the SEC's attempt to cast such a wide net exceeded its Congressional authority.