U.S. appeals court ruled that the U.S. Treasury’s Office of Foreign Asset Control (OFAC) exceeded its statutory authority in sanctioning Tornado Cash.
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Tornado Cash Can’t Be Sanctioned Again, Texas Judge Rules
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United States Court of Appeals for the Fifth Circuit ruled that OFAC overstepped in sanctioning immutable smart contracts like Tornado Cash
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The Fifth Circuit Court of Appeals, in November 2024, ruled that OFAC exceeded its statutory authority by sanctioning smart contracts, holding that they are not “property” under the law
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