A federal appeals court declared sanctions against Tornado Cash’s smart contracts unlawful, overturning the Treasury Department’s 2022 ruling. The decision underscores the legal complexities surrounding decentralized platforms and their governance.
The ruling supports the argument that smart contracts, as decentralized entities, cannot be sanctioned like centralized organizations. The Tornado Cash token experienced a sharp price increase following the news. This decision may lead to broader regulatory debates about decentralization and legal accountability
Sources: Cryptonews crypto.ro.
