US court of appeals says Tornado Cash contracts were not property
by sileo.eth160 πŸ₯ β€’ 2y β€’ x.com
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Interesting new development in that saga, worth checking out. Also, I tried my best to write a meaningful title
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here's a comment from Coinbase Chief Legal Officer:
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The Tornado Cash token is up 240% on this news, and related privacy projects have also pumped
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Today the Fifth Circuit held that
@USTreasury’s sanctions against Tornado Cash smart contracts are unlawful.

What does this mean specifically? Can consumers now freely transact with Tornado Cash again without having to fear being sanctioned?
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The whole ruling is bullish for the Ethos of crypto!
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Hal Finney looks from the clouds and smiles today
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Beyond the current speculation, what do you think are the actual consequences?
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I think it increases the chances we will have privacy-friendly stablecoins, which might increase the adoption significantly :)
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