Big win.
"Until then," the court found, "we hold that Tornado Cash’s immutable smart contracts (the lines of privacy-enabling software code) are not the “property” of a foreign national or entity, meaning (1) they cannot be blocked under IEEPA, and (2) OFAC overstepped its congressionally defined authority."
I think the Fifth Circuit rule along the lines of the Supreme Court’s ruling in Looper contra the Chevron rulings. The agencies were not given law-making abilities which are also regulation making abilities beyond the preview of the law made by congress.
They cannot make regulations and rules beyond congressional permissions.
Can we forward zaps to L0la or something? Really appreciate the reporting she's doing and staying laser-focused on this beat; making shit make sense for us lil plebs
No such feature for external folks, but she has geyser campaign up: https://geyser.fund/project/therage
not but we have a ticket for this
Link to oral arguments:
view on www.youtube.comFor some reason I thought it'd go the other way. Gives me a bit more faith in the justice system.
It still could go the other way with a ruling by SCOTUS. It would not be consistent, but who expects consistency in this crazy world.
thanks for sharing
thanks for thanking
Nice!
This is good news.