The Fifth Circuit Court ruled on Tornado Cash, a crypto mixing platform, and said that some smart contracts can’t be controlled or stopped by the government. This news made people who use Ethereum and other privacy-focused tokens very happy, as they saw the value of their money go up. Some experts say this is a big win for people who want their privacy to be protected.
The court’s decision might help developers create more smart contracts without worrying about getting in trouble, as long as they don’t charge extra money. This ruling is a positive sign for the wider world of DeFi (decentralized finance) and other protocols, especially those on the Ethereum network.
The case is now going back to a district court for further review using the Fifth Circuit’s guidelines.
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