The court prohibits the Treasury from reinstateing the original sanctions

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Tornado Cash Victory against OFAC is a major milestone for Web3 and Defi development in the US and worldwide.

The use of crypto mixers by bad actors remains an existential threat to the broader crypto market.

Robert Pittman, a US District Judge for the Western District of Texas, endorsed Tornado Cash, a popular crypto mixer, against the Office of Foreign Assets Control (OFAC). According to court documents dated April 28, OFAC is currently legally prohibited from reinstateing its original sanctions.

In August 2022, OFAC added tornado cash to its Specially Designated Citizens and Blocked Persons (SDN) list. According to OFAC, Tornado Cash has made it possible to wash the bad actors led by North Korean-backed Lazarus more. $7 billion crypto assets.

However, some tornado cash users led by Joseph Van Loon have presented a strong argument that the Treasury has stepped over its authority. On the top list, the plaintiffs argued that tornado cash is not a person, and that immutable smart contracts are not property.

In addition to citing constitutional violations of freedom of speech and financial privacy, tornado cash could exist seamlessly in the United States.

The complete picture of the final verdict of Tornado Cash

The final blow to the Treasury by Tornado Cash is a major victory for Web3 developers in the US and around the world. The ruling was welcomed by a Web3 leader led by Coinbase Chief Legal Officer Paul Grewal.

Furthermore, open source development of Web3 protocols takes shape under the Donald Trump administration, particularly in the expected legal clarity of cryptography.

Meanwhile, the torn prices have increased by about 1% after the announcement that they would trade around $7.38 at the time of this writing. The fully diluted valuation amounts are around $74 million, with an average 24-hour trading volume of about $2.6 million, exceeding 160% over the past year.