Tornado Cash's native token, TORN, soared nearly 380% following a U.S. court ruling that declared immutable smart contracts exempt from Treasury sanctions. Despite peaking at almost $35, TORN is trading around $17.17 at the time of this report. The Fifth Circuit Court's decision contradicts a previous ruling, emphasizing that these smart contracts cannot be classified as 'property' and are thus outside the Treasury's International Emergency Economic Powers Act (IEEPA). This ruling has sparked a broader market rally for privacy-focused cryptocurrencies. Railgun (RAIL) increased by 36.6%, Zcash (ZEC) climbed 26.5%, Beam (BEAM) rose 19.8%, and DASH gained 11.4%. Legal experts praised the ruling as a significant victory for privacy rights in crypto. Coinbase's Chief Legal Officer stated this marks a historic win for the crypto community, highlighting the court's stance on decentralized technology and the implications for future regulatory challenges.

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