The US government agreed to drop Coin Center’s appeal concerning Tornado Cash, guaranteeing future protection from sanctions. The platform’s TORN asset spiked after the announcement.

Still, it’s a little unclear what the platform’s next steps are. Several of its leaders face ongoing legal battles, even if the decentralized software remains operational.

Sanctions Protection for Tornado Cash

Tornado Cash, a popular decentralized crypto mixer, has been engaged in various legal battles for multiple years now. Although the DOJ is still actively prosecuting co-founder Roman Storm, blocking a string of his proposed trial witnesses, the firm won a breakthrough today. After much back and forth, the US government is dropping its appeal against the company: