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TORN Skyrockets 420% as Fifth Circuit Court Overturns Treasury Sanctions on Tornado Cash
Tornado Cash’s TORN token skyrocketed over 420% in the last 24 hours following a court ruling that went in a good way for freedom.
Appeals Court Overturns OFAC’s Prohibitions on Tornado Cash
Tornado Cash won its appeal against OFAC's sanctions imposed in 2022 as court said that smart contracts cannot be considered property.
Court overturns US sanctions against cryptocurrency mixer Tornado Cash
The U.S. Treasury Department acted outside its authority when it sanctioned cryptocurrency mixer Tornado Cash in 2022 and accused it of helping launder over $7 billion for North Korean hackers and other malicious cyber actors,
U.S. Court Sides With Tornado Cash and Overturns Sanctions, Says Smart Contracts ‘Not Property’
A U.S. appeals court has ruled that the Treasury Department's sanctions against the crypto mixer Tornado Cash were unlawful and an overreach of authority.
Tornado Cash Case: Appeals Court Says Treasury OFAC 'Overstepped' Authority In Sanctions Move
A U.S. Appeals Court has ruled that Tornado Cash can't be blocked in the country and the Treasury Department's OFAC committed overreach when it sanctioned the crypto mixing tool.
Sanctions on Ethereum mixer Tornado Cash ruled illegal
Sanctions imposed by the OFAC on the decentralized Ethereum cryptocurrrency mixer Tornado Cash (TORN) have been ruled illegal by a judge.
U.S. Treasury overstepped authority in Tornado Cash sanctions, court rules: CNBC Crypto World
CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry.
Tornado Cash Wins Major Legal Battle Against U.S. Sanctions
A U.S. court has recently made a significant ruling that overturned the U.S. government’s sanctions against Tornado Cash, a cryptocurrency mixing service. The case centers around whether the U.S. Treasury Department had the legal authority to impose these sanctions on Tornado Cash,
U.S. Appeals Court Overturns Tornado Cash Sanctions; TORN Surges Over 500%
The U.S. Appeals Court overturns sanctions on Tornado Cash, ruling the platform’s code isn’t a legal entity. TORN token surges over 500%, igniting debate on blockchain regulation and decentralization.
TORN Surges 418% As Federal Court Rules US Sanctions Against Tornado Cash Must Be Abandoned
The price of TORN soared over 418% after a federal court ruled that sanctions on Tornado Cash must be abandoned.
3d
on MSN
Big victory in Tornado Cash case as judge says OFAC exceeded authority
A United States appeals court has reversed a lower court’s decision, finding the Office of Foreign Assets Control (OFAC) ...
CoinDesk
2d
Vitalik Buterin Donated $1M in Ether to Coin Center Hours After Tornado Cash Victory
The Ethereum co-founder previously donated 30 ETH to the legal defense fund for Tornado Cash developers Alexey Pertsev and ...
1d
on MSN
Bitcoin at $97K: A Black Friday Reminder of Meteoric Rise and Crypto’s Unstoppable Momentum
From $0.27 in 2010 to $97,000 today, Bitcoin's explosive growth reflects public interest in crypto. As Tornado Cash wins a ...
JD Supra
1d
OFAC Sanctions the Russian Financial Sector Including Gazprombank, and Issues New GLs and FAQs
On November 21, 2024, the U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) designated Gazprombank, over 50 ...
Crowdfund Insider
3d
In Big Win for Crypto, Courts Deny Tornado Cash Smart Contracts are Illegal, OFAC, US Department of Treasury Lose
In 2022, the US Department of the Treasury’s Office of Foreign Assets Control (OFAC) targeted DeFi crypto mixer Tornado Cash with sanctions, claiming the ...
Hosted on MSN
5d
U.S. Department of the Treasury Hits One of Mexico's Biggest Drug Cartels With Sanctions
Concretely, the sanctions target the group known as the "Bonques Brothers," involved in fentanyl, heroin drug trafficking and ...
JD Supra
3d
New OFAC FAQs Offer Guidance on Insurers’ OFAC Compliance Obligations
The US Office of Foreign Assets Control recently amended its insurance-related FAQ and issued two new FAQs. This focus on insurance-related ...
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