US court rules against Tornado Cash sanctions, TORN cryptocurrency surges 140%
Published 1 minute earlier on
UPDATED: January 22, 2025, 5:57AM EST
Quick Take
A U.S. District Court has ordered the sanctions on Tornado Cash to be reversed.
The price of TORN jumped over 140% following the news.
A previous Appeals Court ruling found that the Treasury Department overstepped its authority by sanctioning the crypto mixer.
A U.S. District Court for the Western District of Texas has ordered that a previous court decision supporting sanctions on crypto mixer Tornado Cash be rever...
Read more at theblock.co