<ul><li>The US Treasury Department has lifted sanctions from cryptocurrency mixing tool Tornado Cash, previously blacklisted for allegedly aiding North Korea's Lazarus Group in money laundering.</li><li>The decision was made after a federal appeals court ruled that Tornado Cash's smart contracts do not constitute 'property' of any foreign national.</li><li>While Tornado Cash is no longer sanctioned, its developer remains under sanctions, but with adjusted accusations related to cyber activities.</li><li>The value of Tornado Cash cryptocurrency surged by 54% in the past 24 hours following the announcement.</li></ul>

US Treasury Withdraws Tornado Cash Sanctions, Maintains Legal Action on Developer

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