Non-Fungible Insights: Blockchain Decrypted

The Fifth Circuit Court of Appeals held that Tornado Cash’s immutable smart contracts are not the “property” of a foreign national or entity, meaning smart contracts cannot be blocked under the International Emergency Economic Powers Act (IEEPA) and OFAC overstepped its authority in sanctioning Tornado Cash.

Winston & Strawn’s Non-Fungible Insights: Blockchain Decrypted tracks and provides user-friendly explanations of legal and regulatory developments concerning crypto assets.