The Treasury's recent lifting of sanctions on Tornado Cash has reignited discussions about the legal treatment of privacy services. A Texas court ruled that sanctioning Tornado Cash violated free speech rights, leading to its removal from the sanctions list. However, the Treasury is now contesting a court judgement aimed at restricting its ability to impose sanctions on immutable software like Tornado Cash, fearing that future software related to privacy could be impacted by these rulings. The case also relates, albeit indirectly, to ongoing prosecutions of cryptocurrency developers.
"The Fifth Circuit ruled that sanctioning software like Tornado Cash was unlawful, as OFAC's list is meant for businesses and foreign nationals, not software."
"The Treasury's attempt to avert a judgement against its powers to sanction immutable privacy software is crucial as it could impact future sanctions."
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