Uniswap Labs CEO: Smart contracts beat the US Treasury in court, crypto is doing great

CoinRank News: Hayden Adams, CEO of Uniswap Labs, commented on X on “Court rules that U.S. Treasury sanctions on Tornado Cash smart contracts are illegal”: “Oh my god, immutable smart contracts beat the Treasury in court. The judge stated, ‘We believe that Tornado Cash’s immutable smart contracts (lines of software code that support privacy) are not the ‘property’ of foreign nationals or entities, which means that (1) they cannot be blocked under IEEPA and (2) OFAC exceeds its authority as defined by Congress.’ Crypto has an incredible performance in federal court.”