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

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ODAILY
19 hours ago
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Odaily Planet Daily Report Uniswap Labs CEO Hayden Adams commented on the "court ruling that the US Treasury Department's sanctions on the Tornado Cash smart contract are illegal" and said: "Wow, the immutable smart contract has defeated the Treasury Department in court. The judge pointed out that 'we believe that the immutable smart contract (privacy-supporting software code) of Tornado Cash is not the 'property' of a foreign national or entity, which means that (1) they cannot be blocked under IEEPA, and (2) OFAC has exceeded the authority defined by Congress.' The excellent performance of crypto in federal court is incredible."

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