TechFlow, July 8 — The Eleventh Circuit Court of Appeals granted a joint motion filed by the U.S. Department of the Treasury and Coin Center, formally dismissing Coin Center's appeal against the sanctions on Tornado Cash. This decision follows the U.S. government's voluntary withdrawal of the related sanctions earlier this year in March, with government attorneys arguing that the action rendered the case "moot."
Although this marks a significant development for the cryptocurrency industry, Tornado Cash co-founder Roman Storm's legal challenges are not yet over. Storm is set to stand trial starting next Monday (July 14), where he must prove to a jury that he did not intentionally operate an unlicensed financial business when creating Tornado Cash.
