Crypto Mixer Gets a Second Chance: TORN Price Soars 130% Overnight!

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Well, well, well! Look who decided to play nice! In a plot twist that even the best Netflix writers couldn’t dream up, an appeals court has just given the middle finger to the U.S. Treasury Department’s sanctions against Tornado Cash. And guess what? TORN price just did a little happy dance, jumping a whopping 130% in just a few hours! 💃💰

US Court Says “Oops, My Bad!” to Tornado Cash

So, apparently, the U.S. Treasury thought they were the boss of everything when they slapped sanctions on Tornado Cash back in 2022. They accused it of laundering over $7 billion for North Korean hackers. I mean, who knew crypto mixers were the new villains in town? But the U.S. District Court for the Western District of Texas was like, “Hold my beer,” and ruled that the Treasury was just a tad overzealous. 🙄

The court basically said that OFAC can’t just go around treating autonomous, immutable code like it’s a piece of property. Newsflash: you can’t own a smart contract, folks! It’s like trying to own a cloud. ☁️

And just to keep the drama alive, this ruling actually dropped back in November. But hey, better late than never, right? The Fifth Circuit Court of Appeals decided that the Treasury Department was just a little too ambitious with their sanctions. Who knew they were just trying to play Monopoly with real money? 🎲

TORN Price Takes Off Like a Rocket!

With the sanctions lifted, TORN price is now soaring like it just won the lottery—currently trading at $17.74! The 24-hour low and high? A rollercoaster ride from $7.80 to $20.91. And let’s not forget the trading volume, which has shot up by nearly 120% in the last 24 hours. Traders are clearly feeling the FOMO! 🚀

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2025-01-22 13:36