đ Big news in the crypto world! A U.S. federal appeals court has ruled against sanctions on Tornado Cash, a service that anonymizes crypto transactions. The court found that the Treasury's Office of Foreign Assets Control overstepped its authority by targeting Tornado Cash's smart contracts, which aren't considered "property" under current laws.
- This decision reverses a previous ruling and is seen as a win for privacy advocates.
- Coinbase's legal team celebrated the decision, calling it a "historic win for crypto."
What are your thoughts on privacy vs. regulation in crypto? Share in the comments!