A federal court ruled that the Treasury’s sanctions against Tornado Cash were unlawful.
Coinbase’s chief legal officer, Paul Grewal, acknowledges it as a historic win for crypto.
Jake Chervinsky calls Tornado Cash’s win a stunning victory for crypto and decentralization.
A US federal court has ruled that the Treasury Department’s sanctions against the crypto mixer Tornado Cash are unlawful, marking a significant win for the crypto industry. Industry experts like Paul Grewal and Jake Chervinsky celebrated the ruling, calling it a “historic win for crypto.”
Privacy wins. Today the Fifth Circuit held that @USTreasury’s sanctions against Tornado Cash smart contracts are unlawful. This is a historic win for crypto and all who cares about defending liberty. @coinbase is proud to have helped lead this important challenge. 1/6
— paulgrewal.eth (@iampaulgrewal) November 26, 2024
On November 27th, Coinbase’s Chief Legal Officer, Paul Grewal, posted on X, revealing the Fifth Circuit Appeals Court’s decision on the Treasury’s sanctions against Tornado Cash’s immutable smart contracts. In August 2022, the Treasury Department’s Office of Foreig…
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