After the decision of the Regional Court in the United States, Tornado Cash was officially exempted from sanctions. The US Treasury Ministry of Treasury’s Foreign Asset Control Office (OFAC), in 2022, exceeded the legal powers imposed on smart contracts after the decision of the Court of Appeal, in March, the Tornado Cash was issued from the sanction list. However, the uncertainties that emerged during the court process showed that in the future, similar practices could come up again.
Tornado (Torn) Decision
The Regional Court ruled that the sanction imposed by OAC in the case was unlawful. The US Western Texas Regional Court judge Robert Pitman said that the sanction decision on Tornado Cash was invalid. This decision included measures against the possibility of re -implementing the same arrangement.
In the case, six people from Tornado Cash users filed a lawsuit for the cancellation of the sanction. Plaintiffs, despite the decision of the Court of Appeal of the plaintiff, the uncertainty was included in the process of excluding the list. In this respect, the plaintiff lawyers demanded that the regulation be invalid in front of the judiciary.
Plaintiff lawyers: “Now is enough. It is time to implement the directive determined by the court’s appeal court months ago. The determination of the defendants should be unlawful and canceled.”
Authorities’ explanations
The court decision revealed that of the legal basis of Ofac’s decision. Judge Pitman said that of OAC’s decision to exclude the list based on general principles and legal assessments. In addition, the US Department of Justice, Tornado Cash developers Roman Storm and Roman Semenov continues to investigate the accusations. The novel is still on the sanction list.
US Deputy Minister of Justice Todd Blanche announced that it has narrowed its priorities to the application of crypto assets with a new management note. In this note, due to non -decentralized services or offline wallet transactions, the investigations carried out in terms of violations of end users and the ongoing cases should be re -evaluated according to the updated standards.
These developments have also affected various cases in the crypto sector. For example, in the investigation of Samourai Wallet founders, prosecutors made a request to extend the time to reduce charges within the framework of new priorities. The leading names from the crypto sector called on the White House officials through Defi Training Fund and called for amendments to the regulations on the legislation.
Judge Robert Pitman’s decision revealed that the current legal process supports the claim of OAC’s authority. This decision points out that both the uncertainties in practice and similar legal disputes in the future.
While these developments in the legal process provide important data on regulatory approaches, they guide the disputes between the relevant parties. The court decision can be considered as an important reference in the process of the process within the framework of judicial balance and impartial evaluation.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
