The US government, in a move that could only be described as a reluctant retreat, has agreed to drop Coin Center’s appeal concerning Tornado Cash, thus guaranteeing a temporary reprieve from the sanctions that have haunted the platform. The TORN asset, sensing the change in the wind, has spiked like a rocket after the announcement.
Yet, the future remains as murky as a swamp in the dead of night. Several of its leaders are still embroiled in legal battles, even as the decentralized software continues to hum along, oblivious to the chaos around it.
Sanctions Protection for Tornado Cash
Tornado Cash, a platform that has become as notorious as a village gossip, has been embroiled in various legal battles for what feels like an eternity. While the DOJ continues to pursue co-founder Roman Storm with the tenacity of a hungry wolf, blocking a string of his proposed trial witnesses, the firm has finally won a small victory. After much back and forth, the US government has decided to drop its appeal against the company:
This is the official end to our court battle over the statutory authority behind the TC sanctions. The government was not interested in moving forward and defending their dangerously overbroad interpretation of sanctions laws.
Thank you again to our co-plaintiffs:…
— Peter Van Valkenburgh (@valkenburgh) July 7, 2025
Coin Center, a blockchain advocacy group that has taken on the role of Tornado Cash’s knight in shining armor, has been suing the US Treasury on behalf of the platform. The Treasury, in a move that could only be described as a knee-jerk reaction, imposed sanctions on Tornado Cash for allegedly aiding North Korean hacking efforts. However, the political climate in the crypto world has shifted, and these sanctions were removed in November, only to become the center of an ongoing legal tug-of-war.
According to a report from Bloomberg Law, the crux of the issue revolves around a Texas District Court’s ruling against the Tornado Cash sanctions. Essentially, Coin Center was determined to legally ensure that the US government couldn’t use the same flimsy pretext to sanction the firm again. After all, crypto is enjoying a good moment, but fortune can be as fickle as a summer breeze. Watchdogs have already raised the alarm that the US could sanction Tornado Cash again, prompting Coin Center’s lawsuit. Its aim has been successful, causing the TORN asset to rise over 4% today, on top of a brief spike:
Nonetheless, it’s a little unclear where Tornado Cash will go from here. Although the platform is still operational, several of its main leaders face continuing legal battles. It’s a very good sign that the US sanctions aren’t coming back for the foreseeable future, but the platform has a long way to go to restore its former position. One can only hope that the future holds more clarity and less legal drama. 🤞
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2025-07-07 23:36