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The U.S. Treasury Department and Washington, D.C.-based advocacy group Coin Center have agreed to end an appeal centered on the Ethereum coin mixer Tornado Cash.
On Thursday, the United States Court of Appeals for the Eleventh Circuit granted a joint motion to vacate the judgement and remand with instructions to dismiss, court filings show. Bloomberg Law first reported the news Monday.
Both parties agreed that the appeal is “moot,” given the Office of Foreign Asset Control’s decision to remove economic sanctions against Tornado Cash in March. The office, a component of the U.S. Treasury department, blacklisted Tornado Cash in 2022.
The government didn’t want to argue that it has the statutory authority to sanction Tornado Cash in court, according to Coin Center Executive Director Peter Van Valkenburgh.
“This is the official end to our court battle,” Valkenburgh wrote on X, formerly Twitter. “The government was not interested in moving forward and defending their dangerously overbroad interpretation of interpretation of sanctions laws.”
Editor's note: This story is breaking and will be updated with additional detail.