
Crypto Regulation Gets a Boost: Tornado Cash Smart Contracts Cleared of OFAC Sanctions
Tornado Cash Smart Contracts Cleared of OFAC Sanctions: A Landmark Ruling for Crypto Regulation In a significant development, the Fifth Circuit Court of Appeals has ruled that the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) exceeded its authority by sanctioning Tornado Cash’s immutable smart contracts. The decision, announced on November 26, declares that…