Tornado Cash Price Soars 1000% After Legal Victory

Quick Summary:

Tornado Cash token price surge by 1000% following a major legal victory.A U.S.appeals court overturned sanctions imposed by the U.S.

Treasury Department, ruling that Tornado Cash’s smart contracts lines of code designed to enhance privacy—cannot be classified as property under U.S.law and, therefore, cannot be sanctioned.

The decision protects the principles of decentralized finance (DeFi) by preventing the government from sanctioning software code simply for operating on a decentralized network.

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Article Details

Author / Journalist: Sneha Murali

Category: Crypto

Markets: United Arab EmiratesNorth KoreaOman

Topics: US sanction Altcoin News Tornado Cash

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-27 @ 13:02:42 (13 hours ago)

News Timezone: GMT +0:00

News Source URL: thenewscrypto.com

Language: English

Article Length: 363 words

Reading Time: 3 minutes read

Sentences: 30 lines

Sentence Length: 13 words per sentence (average)

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

Copyright Owner: © TheNewsCrypto

News ID: 23907586

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About TheNewsCrypto

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Official Website: thenewscrypto.com

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Year Established: 2020

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News Last Updated: 12 hours ago

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