On Oct. 30, 2023, the district court ruled that Tornado Cash qualified as an “association” whose smart contracts amounted to blocked property under the International Emergency Economic Powers Act, granting summary judgment to the Treasury.
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US Court vacates Tornado Cash sanctions ruling, orders Florida case dismissal
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The U.S. District Court for the Northern District of Florida granted summary judgment to the Treasury Department in October 2023, ruling that Tornado Cash’s smart contracts constituted a prohibited “association” and “blocked property”
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