A federal appeals court granted a joint motion to dismiss the case, closing the legal battle over the U.S. Treasury's sanctions on Tornado Cash.
The move by Coin Center led to the termination of the Treasury's blacklist on Tornado Cash, limiting U.S. interactions with the Ethereum-based privacy tool.
The government abandoned the case after OFAC rescinded the Tornado Cash designation, highlighting a significant development in the legal dispute.
This case sets a precedent regarding the extent of financial enforcement in decentralized ecosystems, reflecting the ongoing debate over privacy in cryptocurrency regulation.