Sanctions imposed by the United States Office of Foreign Assets Control (OFAC) on the decentralized Ethereum (ETH) cryptocurrrency mixer Tornado Cash (TORN) have been ruled illegal by a judge. According to a three-judge panel of the New Orleans-based 5th U.S. Circuit Court of Appeals, the United States Treasury Department acted outside its authority when it imposed sanctions on Tornado Cash.
Sanctions On Ethereum Mixer Tornado Cash Ruled Illegal
Radek Zielinski, ReadWriteWeb
Wed, 11/27/2024 - 1:49pm
Topics: united states office foreign assets control ofac ethereum eth new orleans-based u.s circuit court appeals united states treasury department north korean nov ofac s coinbase we department s july market september wazirx indian featured image pexels sanctions readwrite united states a ofac ethereum tornado cash congress s service imposed ruling decentralized cryptocurrency worth hackers exchange data trading authority million
BING NEWS:
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11/27/2024 - 9:23 am | View Link - 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.
11/27/2024 - 7:52 am | View Link - 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.
11/27/2024 - 6:47 am | View Link - 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 Roman Storm.
11/27/2024 - 3:36 am | View Link - Tornado Cash Price Soars Nearly 940% After Court Rules to Lift Sanctions
The price of Tornado Cash (TORN) skyrocketed from $3.6 to $34.9 after news broke that the US Treasury would lift its sanctions. On November 27, the Fifth ...
11/27/2024 - 2:56 am | View Link - More
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