A recent ruling by a US court has determined that smart contracts do not fall under the jurisdiction of US law. This decision effectively undermines the government’s sanctions case against Tornado Cash, a well-known crypto mixer platform.
This ruling is seen as an 'incredible win' for advocates of crypto privacy, as it protects the use of decentralized technologies from regulatory constraints.
The decision is expected to have implications for future legal cases involving blockchain and privacy in the cryptocurrency space, marking a potentially pivotal moment for digital asset regulations.