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5th Circ. Reverses Treasury's Block Of Crypto Mixer

By Katryna Perera ( November 27, 2024, 5:08 PM EST) -- The Fifth Circuit rejected the government's blacklisting of Tornado Cash for "its role in laundering virtual currency for malicious cyber actors," saying the cryptocurrency service's immutable smart contracts, or lines of privacy-enabling software code, are not "property" and therefore unownable and cannot be blocked under the International Emergency Economic Powers Act....

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