Big victory in Tornado Cash case as judge says OFAC exceeded authority ⚖️
The United States appeals court delivered a significant verdict in the cryptocurrency world by ruling against the Department of Treasury's Office of Foreign Assets Control (OFAC). The court found that OFAC exceeded its authority by imposing sanctions on the smart contracts of the crypto mixer, Tornado Cash.
This decision marks a notable victory for Tornado Cash and signifies the limits of regulatory oversight on decentralized finance technologies. It questions the legal grounds of targeting software tools based on their potential misuse, rather than direct involvement in illegal activities.
The ruling could set a precedent affecting future regulatory actions on similar decentralized platforms, reaffirming the importance of distinguishing between software capabilities and the intentions of their users.
유사한 기사 (34)
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Court Rules Treasury Overstepped Authority on Tornado Cash Ban
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Appeals Court Rules Treasury’s Tornado Cash Smart Contract Sanctions Unlawful
US Court of Appeals Said "Treasury Department Overstepped Its Limits", Ruled in Favor of This Altcoin! There Was a Huge Rise in Price!
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U.S. Appeals Court Overturns Sanctions Against Tornado Cash
US Court Overturns Sanctions on Crypto Mixer Tornado Cash
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TORN Surges 418% As Federal Court Rules US Sanctions Against Tornado Cash Must Be Abandoned
Historic Win For Crypto: Court Strikes Down Treasury’s Overreach
Court Overturns Sanctions Against Tornado Cash
US Court Ruling on Tornado Cash Could Signal New Paths for DeFi and Blockchain Regulation
US Appeals Court Suggests OFAC Overstepped in Sanctioning Tornado Cash’s Smart Contracts
Fifth Circuit Ruling Suggests Tornado Cash’s Smart Contracts May Be Exempt from Sanctions Under Existing Law
