Tornado Cash Scores ‘Stunning Victory’ For Crypto Against US Treasury Department

Q: How long will it take to read this news story?

The story "Tornado Cash Scores ‘Stunning Victory’ For Crypto Against US Treasury Department" has 730 words across 43 sentences, which will take approximately 4 - 7 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "Tornado Cash Scores ‘Stunning Victory’ For Crypto Against US Treasury Department" was covered 10 hours ago by Bitcoinist, a news publisher based in Hungary.

Q: How trustworthy is 'Bitcoinist' news outlet?

Bitcoinist is a fully independent (privately-owned) news outlet established in 2014 that covers mostly crypto news. The outlet is headquartered in Hungary and publishes an average of 13 news stories per day. It's most recent story was published 9 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #23910165</li><li>URL: https://beamstart.com/news/tornado-cash-scores-stunning-victory-1732749089713</li></ul>

Bitcoinist 10h ago

Tornado Cash Scores ‘Stunning Victory’ For Crypto Against US Treasury Department - Bitcoinist

Quick Summary:

aOn November 26, the Fifth Circuit Court of Appeals ruled that the US Department of the Treasury’s Office of Foreign Assets Control (OFAC) exceeded its authority by sanctioning crypto mixer Tornado Cash’s immutable smart contracts.

The court concluded that immutable smart contracts—self-executing code that runs autonomously on a blockchain—do not constitute property because they are not capable of being owned or controlled by any individual or entity.

The judges emphasized that immutable smart contracts are lines of code not subject to ownership or control, and thus cannot be sanctioned as property.