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Tornado Cash Legal Battle Ends as U.S. Treasury Drops Sanctions Appeal

  • 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  • The government abandoned the case after OFAC rescinded the Tornado Cash designation, highlighting a significant development in the legal dispute.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.

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