Market
Will Ross Freed be released from legal proceedings related to Tornado Cash by end of 2025?
3
Resolution / Starting Odds
Yes • 50%
No • 50%
Court records or official announcements from legal authorities
Story
Texas Court Reverses OFAC Sanctions on Tornado Cash, Boosting Crypto Privacy Advocates and TORN Price
Jan 22, 2025, 10:12 AM
A Texas District Court has ordered the reversal of sanctions imposed by the U.S. Office of Foreign Assets Control (OFAC) on Tornado Cash, a cryptocurrency mixing service. The court's decision marks a significant victory for crypto privacy advocates. The sanctions, which were initially imposed in August 2022, have been a point of contention within the crypto community. Following the court's ruling, the price of TORN, the governance token associated with Tornado Cash, surged by 140%, reaching a high of $21.91 and currently trading at $17.04, representing a 116.2% increase. The ruling is seen as a step towards freeing Ross Freed and other developers associated with Tornado Cash and is expected to influence the development of privacy-focused applications and tools in the cryptocurrency space.
View original story
Similar markets
No further legal action • 25%
Other legal developments • 25%
U.S. Treasury appeals to Supreme Court • 25%
New legislation introduced • 25%
Yes • 50%
No • 50%
Increased Advocacy for Reform • 25%
New Legislation Proposed • 25%
Legal Challenges to Pardon • 25%
No Significant Action • 25%