US Court Overturns Sanctions on Crypto Mixer Tornado Cash

• A federal court ruled that the Treasury’s sanctions against Tornado Cash were unlawful.
• Coinbase’s chief legal officer, Paul Grewal, acknowledges it as a historic win for crypto.
• Jake Chervinsky calls Tornado Cash’s win a stunning victory for crypto and decentralization.

A US federal court has ruled that the Treasury Department’s sanctions against the crypto mixer Tornado Cash are unlawful, marking a significant win for the crypto industry. Industry experts like Paul Grewal and Jake Chervinsky celebrated the ruling, calling it a “historic win for crypto.”

On November 27th, Coinbase’s Chief Legal Officer, Paul Grewal, posted on X, revealing the Fifth Circuit Appeals Court’s decision on the Treasury’s sanctions against Tornado Cash’s immutable smart contracts. In August 2022, the Treasury Department’s Office of Foreig…