Texas District Court Blocks U.S. Treasury From Reimposing OFAC Sanctions on Tornado Cash After Fifth Circuit Ruling

A federal court has permanently barred the U.S. Treasury Department from reinstating sanctions on Tornado Cash, a cryptocurrency mixing service. This follows a ruling by the Fifth Circuit Court against the government in November, after which the government sought multiple delays and attempted to claim the case was moot due to its decision to remove Tornado Cash from the sanctions list. The Texas District Court’s recent order prevents the Treasury’s Office of Foreign Assets Control (OFAC) from placing Tornado Cash back on its sanctions list, effectively safeguarding the platform from U.S. sanctions. This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz . To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io