Court Dismisses Coin Center’s Appeal Against US Treasury Over Tornado Cash Sanctions
The US Court of Appeals for the Eleventh Circuit has dismissed an appeal by Coin Center, a cryptocurrency advocacy group, challenging the US Treasury Department‘s sanctions against Tornado Cash. This ruling ends a significant legal battle over cryptocurrency regulation.
Background: The Tornado Cash Sanctions
In 2022, the Office of Foreign Assets Control (OFAC) sanctioned wallet addresses linked to Tornado Cash, a cryptocurrency mixer. Coin Center filed suit, arguing the Treasury overstepped its authority. The case attracted attention across the crypto industry.
Key Implications of the Ruling
- Finalizes Coin Center‘s legal challenge against OFAC
- Comes ahead of Roman Storm‘s criminal trial (Tornado Cash developer)
- Demonstrates ongoing regulatory challenges for crypto services
Market Response
Tornado Cash‘s native token TORN briefly spiked 14% to $10.55 before settling at $9.47, showing market sensitivity to regulatory news.
Expert Perspective
“This decision sets important boundaries for how regulators approach privacy-focused crypto tools,” noted a blockchain legal analyst. “The outcome will influence future cases.”
Looking Ahead
The dismissal establishes precedent for how US authorities regulate cryptocurrency mixers. Industry participants will monitor how this affects similar services and ongoing cases.
