Texas District Court Lifts OFAC Sanctions on Tornado Cash, $TORN Surges Over 116% to $21.91 High

Jan 22, 2025, 09:54 AM

A Texas District Court has officially lifted the sanctions imposed by the Office of Foreign Assets Control (OFAC) against Tornado Cash, a cryptocurrency mixing service. This ruling is seen as a significant victory for advocates of crypto privacy. Following the court's decision, the price of Tornado Cash's native token, $TORN, surged, reaching a high of $21.91 and currently trading at approximately $17.04, reflecting an increase of over 116% since the announcement. The court's decision not only frees Tornado Cash but also has implications for developers of privacy-focused applications in the cryptocurrency space.