Viewpoint: The cryptocurrency industry has recently achieved two major legal victories, cracking down on Senator Warren's anti money laundering bill
Odaily Planet Daily News: FOX Business reporter Eleanor Terrett stated in an article on X that in the past few days, the cryptocurrency industry has achieved two major legal victories: Today, the Fifth Circuit Court of Appeals made a ruling on Tornado Cash, stating that the US Treasury Department's addition of open-source protocols to the sanctioned entity list was illegal. This ruling will set a precedent that open source technology cannot be banned simply because it has been used by malicious actors - it is also a blow to Senator Elizabeth Warren's anti money laundering bill. A regional judge overturned the SEC's proposal to expand the broker dealer rule, which would include decentralized agreements and automated market makers in the agency's definition of "dealer" and subject it to regulatory scrutiny. The judge ruled that the SEC's attempt to cast such a wide net exceeded the power of its Congress.