Following the Eleventh Circuit's ruling, Tornado Cash's price rose nearly 5%, signaling market optimism amid ongoing legal complexities.
Tornado Cash's price increased by nearly 5% after the Eleventh Circuit Court of Appeals dismissed the lawsuit against the Treasury Department regarding sanctions. The court's decision follows the Treasury's removal of Tornado Cash from its sanctions list, concluding the Coin Center v. Yellen appeal. Despite the ruling, criminal charges against Tornado Cash developers remain active, with a trial set to begin in June 2025.