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🌙 U.S. Appeals Court Reverses Tornado Cash Sanctions

The court found that Tornado’s Cash’s smart contracts do not comprise property and thus cannot be sanctioned.

Author

Mike Gavela
November 27, 2024

In partnership with

Crypto Roundup - November 27

Recent developments highlight significant shifts in U.S. financial regulation, economic indicators, and the cryptocurrency landscape. A U.S. appeals court has overturned the Treasury Department's sanctions against Tornado Cash, a cryptocurrency mixer, ruling that the agency exceeded its authority. Meanwhile, the Federal Reserve's preferred inflation gauge indicates that prices remain persistently high, complicating potential interest rate cuts. In the crypto community, the platform Pump.fun has suspended its livestream feature following a fabricated suicide incident, prompting discussions about content moderation and ethical standards.

Top Stories

  • U.S. appeals court overturns sanctions on Tornado Cash, challenging the Treasury's authority.

  • Federal Reserve's inflation gauge shows persistent price increases, affecting rate cut considerations.

  • Pump.fun suspends livestreams after a fake suicide incident, raising concerns over platform content moderation.

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TOP STORIES

U.S. Appeals Court Reverses Tornado Cash Sanctions - "The Defiant"

A U.S. appeal court found that the Treasury Department overstepped its statutory authority in sanctioning Tornado Cash.

thedefiant.io/news/regulation/u-s-appeals-court-reverses-tornado-cash-sanctions

Fed’s preferred inflation reading is as expected, but shows prices are sticky 

The Fed’s preferred inflation gauge rose as expected in October, showing that prices increased 0.2% from September and 2.3% annually.

blockworks.co/news/fed-inflation-reading-sticky-prices

A shock suicide on Pump.fun prompted outrage and a shutdown. It was all fake

"We took down Pump.fun livestreams with a fake stunt," said the memecoin promoter.

www.dlnews.com/articles/defi/fake-suicide-on-pump-fun-prompted-outrage-and-a-shutdown

FUNDRAISING

OTHER HEADLINES

Cardano Founder Charles Hoskinson Says BTC Will Reach $500k in Two Years - "The Defiant"

Cardano founder Charles Hoskinson suggested in a Nov. 26 live stream that Bitcoin’s price could surge to $250,000 or $500,000 in the next twelve to twenty-four months. He says this is because governments worldwide are discussing a strategic reserve for Bitcoin and Bitcoin only.

thedefiant.io/news/people/cardano-founder-charles-hoskinson-says-btc-will-reach-usd500k-in-two-years

Celsius to Distribute $127 Million in Second Payout to Creditors

Celsius creditors to receive $127 million in a second distribution from the Litigation Recovery Account, with payouts in BTC, ETH, or USD.

beincrypto.com/celsius-creditors-127m-second-distribution

How Bitcoin’s rise made Monero a darknet ‘boogeyman’ for regulators

Monero’s commitment to privacy has earned it a cult following among privacy advocates and those distrustful of government.

www.dlnews.com/articles/defi/regulators-turn-on-privacy-coin-monero-after-bitcoin-booms

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