Fifth Circuit Lifts Tornado Cash Sanctions \ stacker news ~Politics_And

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Fifth Circuit Lifts Tornado Cash Sanctions www.therage.co/fifth-circuit-lifts-tornado-cash-sanctions/

2292 sats \ 20k boost \ 10 comments \ @k00b 26 Nov Politics_And_Law

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."

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20 sats \ 0 replies \ @kepford 3h

This is good news.

233 sats \ 2 replies \ @denlillaapan 27 Nov

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

152 sats \ 0 replies \ @k00b OP 27 Nov

No such feature for external folks, but she has geyser campaign up: https://geyser.fund/project/therage

147 sats \ 0 replies \ @ek 22h

not but we have a ticket for this

420 sats \ 0 replies \ @Rothbardian_fanatic 27 Nov

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.

126 sats \ 1 reply \ @TheWildHustle 21h

For some reason I thought it'd go the other way. Gives me a bit more faith in the justice system.

101 sats \ 0 replies \ @Rothbardian_fanatic 21h

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.