Judges have ended US sanctions on appeal against Tornado Cash, a software tool that mixes cryptocurrencies to conceal their origins.
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Criminals can use the service to launder money, but according to a federal court, US law makes sanctions impossible.
The US Department of the Treasury holds Tornado Cash responsible for laundering at least 7 billion dollars in cryptocurrencies and imposed sanctions in 2022. But the department cannot do that, ruled the 5th US Circuit Court of Appeals in New Orleans.
Sanctions are only possible for assets of specific companies or individuals, and a software code behind the Tornado Cash service does not count as someone’s property.
