Texas Court Reverses Tornado Cash Sanctions

Description

A January 21 court filing revealed that the United States District Court for the Western District of Texas reversed sanctions against the crypto mixer Tornado Cash, which led to a sharp rise in the value of its token, TORN. Tornado Cash Sanctions Reversed, TORN Token Surges The ruling formally overturned the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) sanctions against Tornado Cash, which had been imposed in August 2022 due to allegations of facilitating illicit digital as...