🚀 Big win for privacy advocates! A federal appeals court ruled that U.S. sanctions against Tornado Cash, a crypto transaction anonymizer, must be lifted. This decision challenges the government's stance on privacy tech linked to criminal activities.
The court found that Tornado Cash's smart contracts aren't "property" of foreign entities, meaning the Treasury overstepped its authority. Coinbase's Paul Grewal hailed this as a "historic win for crypto."
What are your thoughts on privacy vs. regulation in crypto? Let's discuss! 💬