TORN Spikes 5% After U.S. Appeals Court Okays End of Another Tornado Cash Lawsuit

The Tornado Cash price rose on Monday after 5% after Monday after the X reports that the US Court of Appeal had caused a lawsuit against the Ministry of Finance at the end of the US.

The Court of Appeal decided on July 3 that the action brought by the Coin Center’s interest group against the Ministry of Finance and various government officials could be dismissed after the sanctions for the inspection of foreign assets against the mixer and a separate court that block these sanctions.

The Torn’s price was traded for $ 9.67, which is $ 9.16 earlier on the day.

Last month, the Mint and the Ministry of Finance filed a joint proposal to the Court of Appeal to release the April decision of the District Court in Texas, that the way it was a tornado -setting of cash was unlawful and permanently promoted sanctions against it in the future.

Stop Discarded tornado cash From your list of sanctions in March this year Another Court of Appeal – The fifth district – decided not to sanction intelligent contracts. And in April, the judge of the District Court also decided in the fifth circuit that Ofac could not re -sanction the tornado cash. After several prolongations of the period of carrying, this decision became legally binding on June 28.

Executive Director of the Coin Center Peter Van Valkenburgh Celebrated the decision on x on MondayWriting: “This is the official end of our judicial battle for the statutory office for [Tornado Cash] sanctions. The government was not interested in proceeding forward and preventing its dangerously exceeding the interpretation of sanction laws. ”

The parties in their June proposal explained that while they wanted the District Court’s decision to be released for various reasons – Coin Center, because the appeal would happen after the judgment of the District Court in Texas final and unacceptable in June and the government.[ed] This appeal – they agreed that the best procedure would be for the eleventh district court to release the decision of the District Court and fulfill the instructions for rejection.

Despite the removal of the Tornado cash from the US government list, the US government continues to follow the accusation of the offense of washing money against Tornado developers in cash Roman Storm and Roman Semenov. Storm’s court is scheduled for the beginning of June 14 in New York.