The US Fifth Circuit Court of Appeals overturned sanctions imposed by the Treasury Department on Tornado Cash, the infamous cryptocurrency mixer.
The service, also known as a crypto tumbler, was used to anonymize digital transactions, a technique cybercriminals often use to cover their tracks.
The court concluded that the Treasury in 2022 overstepped its legal authority under the International Emergency Economic Powers Act (IEEPA).
Tornado Cash Allegedly Facilitated Laundering Over $7 Billio
