The 5th U.S. Circuit Court of Appeals overturned the sanctions against Tornado Cash, stating that software cannot be sanctioned under current U.S. laws 📈

The 5th U.S. Circuit Court of Appeals overturned the sanctions against Tornado Cash, ruling that software cannot be sanctioned under current laws. The U.S. Department of Treasury had stated that the service was used to launder $7 billion, including funds stolen by North Korea. The court noted that sanctions can only be applied to the property of foreign individuals or entities, not open-source programs. After the decision, the price of the TORN token increased by more than 1000%.