US Appeals Court Opposes Tornado Cash Sanctions

The US appeals court has made important decisions regarding the Tornado Cash ban. Organizations in the cryptocurrency industry, such as Coinbase and Coin Center, have sued the US Treasury after the agency blacklisted Tornado Cash, arguing that this decision violates the legitimate rights and privacy of users. They argue that Tornado Cash is merely a technology and should not be held responsible for the abusive actions of some bad actors.

The US Treasury has accused Tornado Cash of being used to launder over $7 billion in dirty cryptocurrency and therefore decided to prohibit US organizations and citizens from interacting with this platform. Meanwhile, the Department of Justice (DOJ) has opposed efforts to dismiss the charges against the developers of Tornado Cash, leading to concerns about determining legal liability in the cryptocurrency space. This situation reflects larger controversies over regulation and the legality of cryptocurrency technologies within the community.