Opinion: The crypto industry has won two major legal victories recently, dealing a blow to Senator Warrens anti-money laundering bill

CoinRank News: FOX Business reporter Eleanor Terrett wrote on X that the crypto industry has achieved two major legal victories in the past few days: 1. Today, the Fifth Circuit Court of Appeals ruled on Tornado Cash, stating that the U.S. Treasury Departments addition of open source protocols to the list of sanctioned entities was illegal. This ruling will set a precedent that open source technology cannot be banned simply because it is used by bad actors-it is also a blow to Senator Elizabeth Warrens anti-money laundering bill. 2. A district judge overturned the U.S. Securities and Exchange Commissions proposed expansion of broker-dealer rules, which would include decentralized protocols and automated market makers in the agencys definition of dealer, subjecting them to regulatory review. The judge ruled that the SEC exceeded its congressional powers by trying to cast such a wide net.