The court in Texas overturned sanctions against the cryptocurrency mixer Tornado Cash, ruled that OFAC’s actions were an overreach, and changed the regulation of privacy technologies ⚖️

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The court in Texas overturned sanctions against the cryptocurrency mixer Tornado Cash, which were imposed in 2022 due to accusations of money laundering for the North Korean group Lazarus. The court ruled that the Tornado Cash source code is not the "property" of a foreign state and cannot be blocked. This decision undermines the actions of OFAC, which could change the regulation of privacy technologies in the cryptocurrency space. Despite the cancellation of sanctions, the developer of Tornado Cash, Alexey Percev, remains under arrest.

This material was prepared by Khachatur Davtyan, developed and translated by artificial intelligence.

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