Tornado Cash's native token, TORN, surged over 150% to $25.48 on Jan. 22 after a U.S. appeals court overturned the Treasury Department's sanctions on the crypto mixer. The court ruled that Tornado Cash’s immutable smart contracts are not "property" under the International Emergency Economic Powers Act, and OFAC overstepped its authority. Despite this win, Tornado Cash developer Alexey Pertsev remains in custody, serving a sentence for money laundering. The decision is seen as a landmark for the crypto industry, signaling potential limits on regulatory overreach and prompting discussions about updating regulations like OFAC and IEEPA to address emerging technologies. What lessons can the crypto industry learn from this case? Source: The Defiant