Tornado Cash, law, privacy computing, victory of privacy technology: Tornado Cash sanctions overturned Golden Finance, such a judgment fully reflects the protection of technological innovation.

The ruling of the U.S. Court of Appeals for the Fifth Circuit overturned the sanctions on Tornado Cash. Influenced by this news, the price of Tornado Cash token TORN soared 486.02% in the past 24 hours, with a trading volume of nearly 10 million US dollars and a 24-hour increase of 15438.18%.

Tornado Cash, Tornado: The Great Victory of Decentralization over Traditional Law Golden Finance, A small step for Tornado, a giant leap for mankind.

From the perspective of a Web3 legal practitioner, this article analyzes the significance of the Tornado Cash case, looking at the source of OFAC's regulatory enforcement power, the definition of immutable smart contracts, and the future development trend of decentralized networks.

A US court ruled that OFAC’s sanctions on Tornado Cash’s smart contract exceeded its authority, which is a huge victory for the crypto world. The hard-hit crypto privacy track will be revitalized.

Recommended reading for today's evening: 1. Glassnode: Only one step away from $100,000, who is selling BTC? 2. Tornado Cash ruling promotes the game between privacy and administrative power; 3. Pantera founder recalls how to seize BTC in 2013-2024;

Nick Neuman, CEO of CASA, shared on X how he was targeted by a scammer impersonating Coinbase support to steal his Bitcoin. When confronted, the fraudster revealed their operation, which involved using leaked databases, phishing emails, and tools like Tornado Cash to launder stolen funds.

Prosecutors seek to seize Tornado Cash co-founder Roman Storm's assets as his trial, delayed to April, looms. Storm is raising funds for his defence, while crypto privacy advocates criticise the case as an attack on privacy technologies.

Coinbase Wallet’s upcoming “tap-to-pay” feature aims to rival quick-pay apps like Venmo and Cash App, with a goal to reach 50 countries by 2025. Additionally, Coinbase’s Base network is working to solve Ethereum layer 2 interoperability, which could allow seamless transfers across multiple chains within six months.