Tornado Cash’s TORN Token Rises 5% After U.S. Court Dismisses Lawsuit

Tornado Cash's native token TORN surged nearly 5% to $9.67 following a U.S. appeals court decision to dismiss a lawsuit against the Treasury Department. The Eleventh Circuit Court of Appeals approved the termination of the case after OFAC removed sanctions against the crypto mixer.

The legal victory marks another milestone for privacy-focused protocols. Earlier rulings from the Fifth Circuit had already limited OFAC's ability to sanction smart contracts, setting a precedent for decentralized finance infrastructure.

Market reaction was immediate, with TORN climbing from $9.16 as traders interpreted the resolution as reducing regulatory overhang. The joint motion by Coin Center and Treasury Department effectively nullifies previous district court rulings against OFAC's sanction methods.