Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

Atlaspad and Arichain unite to stimulate user-friendly and scalable web3 acceptance

2025-05-12

Trump’s Crypto -Dinner cost VIP -Aurter $ 4.8 million

2025-05-12

Bitcoin remains undervalued, but taking a profit has begun: this metric says why

2025-05-12
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
Facebook X (Twitter) Instagram
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain

    Atlaspad and Arichain unite to stimulate user-friendly and scalable web3 acceptance

    2025-05-12

    Why Wall Street Crypto will not embrace without privacy of zero knowledge

    2025-05-12

    R2 Testnet affects 10 million transactions with 200K+ users in weeks

    2025-05-12

    Miro announces a strategic partnership with Enac Network to bring about a revolution in Enterprise Web3 apps

    2025-05-12

    Ripple CTO predicts a big shift with ZK certificates: Details

    2025-05-12
  • NFT

    Trump’s Crypto -Dinner cost VIP -Aurter $ 4.8 million

    2025-05-12

    New details about Trump’s Memecoin leaks from the official website – this is what they intend

    2025-05-12

    NFT -turns 10.6% to $ 115 million, Doodles Rally 500%

    2025-05-11

    Drink-to-earn? A new sparkling water comes with an NFT and points

    2025-05-08

    Cobie says we will return if someone buys this $ 20 million NFT

    2025-05-08
  • Metaverse

    Shib: The Metaverse – Part of the expanding Shiba Inu ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Human Digital Life

    2024-12-13

    Exploring NetVRk: What’s Behind This AI-Powered Virtual Universe?

    2024-10-28

    Council of Europe emphasizes the impact of Metaverse on privacy and democracy

    2024-09-05
  • Analysis

    Can the resistance crush and re -design the rally?

    2025-05-12

    XRP performs better than the crypto market with 10% jump if open interest rises beyond $ 5 billion

    2025-05-12

    Cathie Wood doubles Bitcoin objective on 2030, says that BTC still has ‘miles’

    2025-05-12

    Analyst reveals factors that will make it happen in 2025

    2025-05-12

    Hyperliquid affects $ 6 billion in open interest while Bitcoin tests $ 105k near price discovery

    2025-05-12
  • Learn

    What Is Proof-of-Work (PoW)?

    2025-05-12

    What Is Proof-of-Authority (PoA)?

    2025-05-10

    What Is Proof-of-Stake (PoS)? A Beginner’s Guide

    2025-05-09

    What Is a Layer-1 (L1) Blockchain?

    2025-05-03

    What is a Layer-2 (L2) Blockchain Network Solution?

    2025-05-02
  • Blog
  • Contact
    • Tech7685@gmail.com
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Regulation»Government sanctions on tornado money reversed by US courts in landmark ruling
Government sanctions on tornado money reversed by US courts in landmark ruling
Regulation

Government sanctions on tornado money reversed by US courts in landmark ruling

2025-01-22No Comments2 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

A new court ruling has reversed the sanctions imposed by the US government on crypto mixer Tornado Cash (TORN).

According to a recent filing by the New Orleans-based U.S. Court of Appeals for the Fifth Circuit, the previous decision to impose sanctions on the digital asset tumbler has been lifted.

“It is ordered and reviewed that the judgment of the District Court be reversed, and the matter is remanded to the United States Court of Appeals District Court for further proceedings in accordance with the opinion of this Court.”

Tornado Cash was first sanctioned by the Treasury Department’s Office of Foreign Asset Control (OFAC) after it was deemed a threat to the country’s security as hackers linked to the North’s government were believed to be Korea had used it to clean up stolen money.

Crypto mixers allow users to obscure the source of their digital assets by mixing them with other coins from different sources and returning each user the dollar amount he or she invested.

In November, the court ruled that OFAC sanctions failed to properly define “property” in their sanctions. He went on to say that if “ownership” meant “being able to be owned,” then Tornado Cash and its smart contracts would not be of quality, making the sanctions illegal.

“Contrary to the ministry’s arguments, immutable smart contracts are not services. So even considering OFAC’s legal definitions, the immutable smart contracts are not property because they are not property, not contracts, and not services.”

News of the historic ruling caused TORN to stage a massive rally, going from a price of $8.08 on January 21 to a peak of $25.28, a gain of 212%. The token has since recovered and is trading at $19.57 at the time of writing.

See also  US Government Fines San Francisco Crypto Exchange $1,200,000 for Violating Sanctions on Russia and Ukraine

Don’t miss a beat – Subscribe to receive email alerts straight to your inbox

Check price action

Follow us further XFacebook and Telegram

Surf to the Daily Hodl mix

Generated image: Midjourney



Source link

Courts Government landmark Money reversed Ruling sanctions Tornado
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Government control could cause the rise of ‘Dark Stablecoins’ – how?

2025-05-12

SEC chairman atkins repeats himself to overhaul crypto rules, promises to end ‘Regulation by enforcement’

2025-05-12

‘Bond King’ Jeffrey Gundlach calls a catalyst who can cause an interest rate this year

2025-05-11

Asset Management Giant BlackRock held a meeting with SEC to discuss Crypto institution, tokenization and more

2025-05-11
Add A Comment

Comments are closed.

Top Posts

Floor price of the introduction of World App NFT rises sharply by 57% in 24 hours

2023-07-24

Is Blockchain the new ‘standard’ for gaming?

2023-11-26

Why Bitcoin miners’ gloomy season is over

2023-06-04
Editors Picks

Solana fights for resurgence after SEC lawsuit

2023-06-26

Bitcoin’s reversion poses a great risk to BTC: Analyst

2023-08-29

Elderberry upgrade positioned live on Mainnet

2024-03-18

3 reasons why beauty on the blockchain makes sense

2023-06-05
About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Atlaspad and Arichain unite to stimulate user-friendly and scalable web3 acceptance

Trump’s Crypto -Dinner cost VIP -Aurter $ 4.8 million

Bitcoin remains undervalued, but taking a profit has begun: this metric says why

Get Informed

Subscribe to Updates

Get the latest news and Update from Free.cc about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
© 2025 Free.cc - All rights reserved. Contact: info@free.cc

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$102,590.83-1.54%
  • ethereumEthereum(ETH)$2,481.33-1.25%
  • tetherTether USDt(USDT)$1.000.02%
  • rippleXRP(XRP)$2.536.54%
  • binancecoinBNB(BNB)$659.281.24%
  • solanaSolana(SOL)$173.770.03%
  • usd-coinUSDC(USDC)$1.000.01%
  • dogecoinDogecoin(DOGE)$0.229645-1.34%
  • cardanoCardano(ADA)$0.810.91%
  • tronTRON(TRX)$0.2716712.28%
  • suiSui(SUI)$3.95-1.85%
  • chainlinkChainlink(LINK)$16.71-2.39%
  • avalanche-2Avalanche(AVAX)$24.77-0.19%
  • stellarStellar(XLM)$0.3114271.57%
  • shiba-inuShiba Inu(SHIB)$0.000016-1.99%
  • hedera-hashgraphHedera(HBAR)$0.2134853.03%
  • the-open-networkToncoin(TON)$3.35-1.88%
  • piPi(PI)$1.186.70%
  • hyperliquidHyperliquid(HYPE)$24.65-1.25%
  • bitcoin-cashBitcoin Cash(BCH)$410.170.43%
  • polkadotPolkadot(DOT)$5.05-1.00%
  • litecoinLitecoin(LTC)$104.434.06%
  • unus-sed-leoUNUS SED LEO(LEO)$8.572.81%
  • moneroMonero(XMR)$337.001.60%
  • pepePepe(PEPE)$0.000014-0.97%
  • bitget-tokenBitget Token(BGB)$4.80-2.14%
  • daiDai(DAI)$1.000.01%
  • ethena-usdeEthena USDe(USDE)$1.000.07%
  • uniswapUniswap(UNI)$6.86-0.55%
  • bittensorBittensor(TAO)$454.44-1.74%
  • nearNEAR Protocol(NEAR)$3.170.88%
  • aptosAptos(APT)$5.84-0.68%
  • aaveAave(AAVE)$220.81-0.01%
  • okbOKB(OKB)$54.25-1.65%
  • ondo-financeOndo(ONDO)$1.02-1.71%
  • internet-computerInternet Computer(ICP)$5.71-1.16%
  • kaspaKaspa(KAS)$0.115526-1.82%
  • ethereum-classicEthereum Classic(ETC)$19.77-1.08%
  • mantleMantle(MNT)$0.80-0.56%
  • gatechain-tokenGateToken(GT)$21.930.20%
  • crypto-com-chainCronos(CRO)$0.1012052.73%
  • render-tokenRender(RENDER)$5.15-2.65%
  • vechainVeChain(VET)$0.030880-1.33%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.253698-1.53%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.92-6.17%
  • ethenaEthena(ENA)$0.385594-5.47%
  • usd1World Liberty Financial USD(USD1)$1.000.47%
  • filecoinFilecoin(FIL)$3.13-0.56%
  • algorandAlgorand(ALGO)$0.2418500.65%
  • cosmosCosmos(ATOM)$5.23-1.39%
  • bitcoinBitcoin(BTC)$102,590.83-1.54%
  • ethereumEthereum(ETH)$2,481.33-1.25%
  • tetherTether USDt(USDT)$1.000.02%
  • rippleXRP(XRP)$2.536.54%
  • binancecoinBNB(BNB)$659.281.24%
  • solanaSolana(SOL)$173.770.03%
  • usd-coinUSDC(USDC)$1.000.01%
  • dogecoinDogecoin(DOGE)$0.229645-1.34%
  • cardanoCardano(ADA)$0.810.91%
  • tronTRON(TRX)$0.2716712.28%
  • suiSui(SUI)$3.95-1.85%
  • chainlinkChainlink(LINK)$16.71-2.39%
  • avalanche-2Avalanche(AVAX)$24.77-0.19%
  • stellarStellar(XLM)$0.3114271.57%
  • shiba-inuShiba Inu(SHIB)$0.000016-1.99%
  • hedera-hashgraphHedera(HBAR)$0.2134853.03%
  • the-open-networkToncoin(TON)$3.35-1.88%
  • piPi(PI)$1.186.70%
  • hyperliquidHyperliquid(HYPE)$24.65-1.25%
  • bitcoin-cashBitcoin Cash(BCH)$410.170.43%
  • polkadotPolkadot(DOT)$5.05-1.00%
  • litecoinLitecoin(LTC)$104.434.06%
  • unus-sed-leoUNUS SED LEO(LEO)$8.572.81%
  • moneroMonero(XMR)$337.001.60%
  • pepePepe(PEPE)$0.000014-0.97%
  • bitget-tokenBitget Token(BGB)$4.80-2.14%
  • daiDai(DAI)$1.000.01%
  • ethena-usdeEthena USDe(USDE)$1.000.07%
  • uniswapUniswap(UNI)$6.86-0.55%
  • bittensorBittensor(TAO)$454.44-1.74%
  • nearNEAR Protocol(NEAR)$3.170.88%
  • aptosAptos(APT)$5.84-0.68%
  • aaveAave(AAVE)$220.81-0.01%
  • okbOKB(OKB)$54.25-1.65%
  • ondo-financeOndo(ONDO)$1.02-1.71%
  • internet-computerInternet Computer(ICP)$5.71-1.16%
  • kaspaKaspa(KAS)$0.115526-1.82%
  • ethereum-classicEthereum Classic(ETC)$19.77-1.08%
  • mantleMantle(MNT)$0.80-0.56%
  • gatechain-tokenGateToken(GT)$21.930.20%
  • crypto-com-chainCronos(CRO)$0.1012052.73%
  • render-tokenRender(RENDER)$5.15-2.65%
  • vechainVeChain(VET)$0.030880-1.33%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.253698-1.53%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.92-6.17%
  • ethenaEthena(ENA)$0.385594-5.47%
  • usd1World Liberty Financial USD(USD1)$1.000.47%
  • filecoinFilecoin(FIL)$3.13-0.56%
  • algorandAlgorand(ALGO)$0.2418500.65%
  • cosmosCosmos(ATOM)$5.23-1.39%