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. In 2022, The Office of Foreign Assets Control (OFAC) sanctioned Tornado Cash – which allows users to obfuscate and anonymize their crypto transactions on the Ethereum (ETH) network – under allegations The post U.S. Court Sides With Tornado Cash and Overturns Sanctions, Says Smart Contracts ‘Not Property’ appeared first on The Daily Hodl .