The US Treasury Department has removed cryptocurrency mixer Tornado Cash from its sanctions list, following a court ruling earlier this year that deemed the sanctions unlawful. In January, a US appeals court ruled that the Treasury’s Office of Foreign Assets Control (OFAC) cannot sanction Tornado’s smart contracts, as they do not belong to any foreign national. This decision stated that Tornado Cash’s smart contracts are not considered the property of a foreign national or entity. Consequent to this ruling, on March 21, the Treasury announced the removal of several smart contract addresses from the sanctions list. The news has positively impacted Tornado's native token, TORN, which rose approximately 60% after the announcement. As of March 21, TORN's market capitalization is estimated at $73 million, with a fully diluted value nearing $140 million.

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