Coinbase Celebrates Legal Victory as Tornado Cash Defeats OFAC Sanctions

In a landmark ruling, Tornado Cash has successfully challenged the Office of Foreign Assets Control (OFAC) sanctions, marking a pivotal moment for privacy tools in the cryptocurrency space. Coinbase’s chief legal officer confirmed the court’s decision, emphasizing the government’s failure to delay or overturn the judgment. This development underscores the growing legal recognition of privacy-focused technologies in the digital asset ecosystem.

Tornado Cash Wins Legal Battle Against OFAC, Sanctions Barred

A U.S. district judge has ruled in favor of Tornado Cash, blocking the Office of Foreign Assets Control from reimposing sanctions on the cryptocurrency mixer. The decision marks a significant legal victory for privacy-focused tools in the digital asset space.

Coinbase’s chief legal officer publicly confirmed the court’s ruling, highlighting the government’s unsuccessful attempts to delay or avoid a final judgment. The case underscores ongoing tensions between regulatory authorities and decentralized finance protocols.

XRP Whale Deposits $68.7 Million into Coinbase Amid Price Surge

A significant XRP transaction has caught the market’s attention. Whale Alert reports a transfer of 29.5 million tokens worth $68.7 million to Coinbase, signaling potential profit-taking by a major holder.

Such large-scale movements often precede price volatility. The deposit coincides with XRP’s recent rally, suggesting this whale may be capitalizing on gains. Exchange inflows of this magnitude typically indicate selling pressure ahead.

Market participants are watching closely. Whale activity frequently foreshadows short-term price direction, though the long-term impact remains uncertain. This development comes as XRP shows renewed strength against regulatory headwinds.

Tornado Cash Wins Legal Battle Against OFAC, TORN Token Rises 7%

A U.S. federal court has overturned the Treasury’s sanctions against Tornado Cash, marking a significant victory for privacy advocates. The ruling found that the Office of Foreign Assets Control (OFAC) violated the Administrative Procedure Act, effectively barring the agency from reinstating its previous sanctions without proper legal justification.

Coinbase’s chief legal officer, Paul Grewal, noted that the 5th Circuit Court had ruled against the government in November, but authorities had delayed final judgment. The decision reinforces regulatory accountability and could set a precedent for future crypto-related cases.

The TORN token surged 7% following the news, reflecting market Optimism around the outcome. Privacy-focused protocols remain a contentious yet critical component of blockchain ecosystems.

Galaxy Digital’s $42M Ethereum Move Sparks Market Caution

Galaxy Digital’s transfer of 23,900 ETH ($42.52 million) to Coinbase has injected volatility into Ethereum’s recovery narrative. The OTC deposit coincides with a 1.17% price bump to $1,832.58, yet whale activity metrics flash warning signs.

Exchange reserves tell conflicting stories - while this single inflow suggests potential selling pressure, Ethereum’s overall exchange supply continues its downward trajectory to 8.23 million ETH. Derivatives markets reflect this tension, with open interest wavering between accumulation signals and profit-taking behavior.