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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...

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