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  1. coinfeeds-bot on

    tldr; A U.S. appeals court has ruled that the Treasury Department’s sanctions against the crypto mixer Tornado Cash were unlawful. The court found that the Office of Foreign Assets Control (OFAC) overstepped its authority by incorrectly defining Tornado Cash’s smart contracts as ‘property.’ Judge Don Willett stated that these smart contracts are immutable and not capable of being owned, thus not qualifying as property under the International Emergency Economic Powers Act. This ruling led to a significant rally in Tornado Cash’s utility token, TORN.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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