Appeals court approves dismissal of Tornado Cash lawsuit, founder Storm still faces trial next week

On July 8, the Eleventh Circuit Court of Appeals approved a joint motion filed by the U.S. Treasury Department and Coin Center, formally dismissing Coin Center's appeal against the Tornado Cash sanctions. This decision was made after the U.S. government voluntarily revoked the relevant sanctions in March of this year, with government lawyers arguing that this rendered the case "moot." While this marks significant progress for the cryptocurrency industry, the legal plight of Tornado Cash co-founder Roman Storm is not yet over. Storm will begin his trial next Monday (July 14), where he needs to prove to the jury that he did not intentionally operate an unlicensed financial business when creating Tornado Cash. [Deep Tide TechFlow]