Tornado Cash token surges to 2-year high after US court rules Treasury sanctions unlawful

The price of Tornado Cash’s TORN token skyrocketed to a two-year high after a US federal appeals court ruled that the US Treasury Department’s sanctions on the platform were unlawful. T...

By · · 1 min read
Tornado Cash token surges to 2-year high after US court rules Treasury sanctions unlawful

Source: CryptoSlate

The price of Tornado Cash’s TORN token skyrocketed to a two-year high after a US federal appeals court ruled that the US Treasury Department’s sanctions on the platform were unlawful. Tornado Cash is an on-chain privacy tool that uses immutable smart contracts to enable anonymous crypto transactions. The platform was sanctioned in 2022 by the […]