Loading...
Market
What will be the U.S. Treasury's response to Tornado Cash ruling by December 31, 2025?
2
Resolution / Starting Odds
Appeal the ruling • 25%
Modify sanctions policy • 25%
No action taken • 25%
Other actions • 25%
Official announcements or legal actions taken by the U.S. Treasury Department
Story
Fifth Circuit Court Rules Tornado Cash Smart Contracts Sanctions Unlawful
Nov 26, 2024, 11:16 PM
The U.S. Court of Appeals for the Fifth Circuit has ruled that the Treasury Department overstepped its authority by sanctioning the Tornado Cash smart contracts under the International Emergency Economic Powers Act (IEEPA). The court's decision, which found that immutable smart contracts are not property subject to sanctions, marks a significant legal victory for the cryptocurrency industry. This ruling could have implications for privacy software development and potentially influence ongoing legal cases related to Tornado Cash. The Office of Foreign Assets Control (OFAC) had previously added Tornado Cash to its sanctions list, a move that was challenged by the Heritage Foundation and Coin Center. This decision might also impact the trial of Roman Storm, where the court debates whether to criminally charge the developers of Tornado Cash.
View original story
Similar markets
Treasury appeals ruling • 25%
Congress passes new legislation • 25%
New sanctions imposed • 25%
No significant developments • 25%
U.S. Treasury appeals to Supreme Court • 25%
New legislation introduced • 25%
No further legal action • 25%
Other legal developments • 25%
Cryptocurrency • 25%
Open-source technology • 25%
Financial regulation • 25%
Other sectors • 25%
New cryptocurrency regulations • 25%
Amendments to IEEPA • 25%
No legislative response • 25%
Other legislative action • 25%
Regulatory framework for cryptocurrencies • 25%
New tax policy on digital assets • 25%
No major announcement • 25%
Other major policy • 25%
Ethereum • 25%
Bitcoin • 25%
Binance Smart Chain • 25%
Other platforms • 25%