Van Loon v. Treasury - 5th Circuit overturns Tornado Cash sanctions (2024-11) event

Event · PageRank 0.0015

Also known as: Tornado Cash 5th Circuit ruling

Overview

Van Loon v. Department of the Treasury is the case in which the US Court of Appeals for the Fifth Circuit overturned OFAC's sanctioning of Tornado Cash's immutable smart contracts. Six Tornado Cash users appealed a district court ruling that had upheld the designation, arguing that open-source, self-executing software is not sanctionable under the International Emergency Economic Powers Act. In an opinion by Judge Don Willett issued on 26 November 2024 (No. 23-50669), the panel held that Tornado Cash's immutable smart contracts are not the "property" of a foreign national or entity, so they cannot be blocked under IEEPA and OFAC exceeded its congressionally defined authority. The court noted that Congress could update IEEPA to reach such technology.

Within the DeFi Intel graph, Van Loon v. Treasury - 5th Circuit overturns Tornado Cash sanctions (2024-11) connects to 2 tracked entities, most strongly to Coinbase, Blockchain Association.

Relations

Top connections in the DeFi Intel knowledge graph (confidence-weighted, 2 of 2 total).

Frequently asked questions

What is Van Loon v. Treasury - 5th Circuit overturns Tornado Cash sanctions (2024-11)?

Van Loon v. Treasury - 5th Circuit overturns Tornado Cash sanctions (2024-11) is an event tracked in the DeFi Intel knowledge graph. It is connected to 2 other tracked entities, most strongly to Coinbase, Blockchain Association.

What type of entity is Van Loon v. Treasury - 5th Circuit overturns Tornado Cash sanctions (2024-11)?

Van Loon v. Treasury - 5th Circuit overturns Tornado Cash sanctions (2024-11) is classified as an event (event) in the DeFi Intel knowledge graph.

What is Van Loon v. Treasury - 5th Circuit overturns Tornado Cash sanctions (2024-11) connected to?

In the DeFi Intel knowledge graph, Van Loon v. Treasury - 5th Circuit overturns Tornado Cash sanctions (2024-11) is linked to 2 other tracked entities, most strongly to Coinbase, Blockchain Association.