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Interesting new development in that saga, worth checking out. Also, I tried my best to write a meaningful title
here's a comment from Coinbase Chief Legal Officer: https://x.com/iampaulgrewal/status/1861549058797772874
The Tornado Cash token is up 240% on this news, and related privacy projects have also pumped
> 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?
The whole ruling is bullish for the Ethos of crypto!
Hal Finney looks from the clouds and smiles today
Beyond the current speculation, what do you think are the actual consequences?
I think it increases the chances we will have privacy-friendly stablecoins, which might increase the adoption significantly :)