| Cryptocurrency | Price (USDT) |
|---|---|
| BTC | $107943.7900000000 |
| ETH | $2455.4430000000 |
| BNB | $650.3471900000 |
| XRP | $2.1927410000 |
| ADA | $0.5655223000 |
| SOL | $151.4932000000 |
| DOGE | $N/A |
| DOT | $3.4290900000 |
| LTC | $86.8935000000 |
| LINK | $13.4817400000 |
Category: CRYPTO NEWS
The post Court Bars OFAC From Reinstating Tornado Cash Sanctions appeared on BitcoinEthereumNews.com. In brief The final ruling prevents the Treasury from reinstating sanctions on Tornado Cash. The judge rejected the government’s claim that voluntary delisting in March made the case moot. The ruling reinforces the Fifth Circuit’s November decision that smart contracts aren’t sanctionable property. A federal court has permanently barred the U.S. Treasury from reimposing sanctions on crypto mixer Tornado Cash, delivering a definitive victory for crypto privacy advocates. Judge Robert Pitman of the U.S. District Court for the Western District of Texas updated and finalized amendments on Monday, ruling that the Treasury’s actions were “unlawful” and placing an order that compels the Treasury to be “permanently enjoined from enforcing it.” The ruling explicitly rejected the government’s attempt to avoid a final judgment after it voluntarily lifted sanctions on Tornado Cash in March. “After the 5th Circuit ruled against the government in November, it repeatedly tried to avoid entry of a final judgment,” Coinbase Chief Legal Officer Paul Grewal tweeted, sharing a copy of the amended rulings. “Today the Court said no to this nonsense.” With the ruling, the Office of Foreign Assets Control (OFAC) would now be legally prohibited from “re-instating the original sanctions,” Grewal noted. After the 5th Cir. ruled against the government in November, it repeatedly tried to avoid entry of a final judgment in the Tornado Cash case. It asked the Court TWICE for long delays before claiming the case was moot (with no final judgment needed) b/c they had chosen to remove… pic.twitter.com/pSDsnWawo8 — paulgrewal.eth (@iampaulgrewal) April 28, 2025 Court action Treasury officials had claimed the case was moot following their “discretionary” delisting of Tornado Cash. But Judge Pitman applied a precedent, finding that Treasury officials could potentially “seek to ‘reenact precisely the same [designation]’ in the future.” This accounts for the second part of the…
2025-04-30T03:35:22+00:00