Crypto bros, money launderers celebrate Tornado Cash ruling

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The Fifth Circuit's reversal of an earlier ruling granted Tornado Cash plaintiffs a motion for partial summary judgment, a decision that merits a celebration among crypto bros and money launderers.

The post Crypto bros, money launderers celebrate Tornado Cash ruling appeared first on CoinGeek.

The six Tornado Cash users challenged the sanctions, arguing that the inclusion of Tornado Cash property—including the service’s smart contracts—on the Specially Designated Nationals and Blocked Persons (SDN) list exceeded the authority granted to OFAC under the International Emergency Economic Powers Act (IEEPA).

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Article Details

Author / Journalist: Steven Stradbrooke

Category: Crypto

Markets: CanadaNorth KoreaOmanTurkey

Topics: Roman Storm Smart Contracts TORN Crypto Crime Cartel Money Laundering Fifth Circuit Ethereum Office of Foreign Assets Control Business Alexey Pertsev Tornado Cash Roman Sterlingov United States Roman Semenov

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-03 @ 16:00:00 (1 days ago)

News Timezone: GMT +8:00

News Source URL: coingeek.com

Language: English

Article Length: 1340 words

Reading Time: 8 minutes read

Sentences: 45 lines

Sentence Length: 30 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGeek

News ID: 24095932

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