Breaking: Tornado Cash Freed! 5 Ways This Changes Everything for TORN Investors!

The U.S. Treasury Department has confirmed that no more court ruling is necessary after its recent decision to remove Tornado Cash from the U.S. Treasury sanctions list. This comes in as the latest development in the case involving the Ethereum-based cryptocurrency mixer. The announcement comes after a long legal battle since August 2022. 

U.S. Treasury Rules Tornado Cash Matter “Moot”

The lawsuit began when the Treasury’s Office of Foreign Assets Control (OFAC) blacklisted Tornado Cash in August 2022. The OFAC claimed that Tornado Cash facilitated money laundering for North Korea’s notorious Lazarus Group, a cybercrime organization. On March 21, 2025, the U.S. Treasury officially delisted Tornado Cash and its associated smart contracts from the Specially Designated Nationals (SDN) list. The department has stated that the matter is now “moot”, indicating that the delisting has resolved the issue at hand. 

Coinbase Opposes Court Ruling, Complexities Persist for TORN

However, in an interesting development, the Chief Legal Officer of Coinbase, Paul Grewal, disapproved of the decision. Grewal has argued that without assurances against future sanctions, the legal issues around TORN remain unresolved. He cited “voluntary cessation”, which says that a case isn’t moot if the accused could continue to indulge in previous behavior. The situation surrounding Tornado Cash has been complex, with a Texas judge siding with the Treasury in 2023 at first.. However, an appeals court later decided against the U.S. Treasury sanctions in January 2025. 

While the removal of the sanctions may offer some relief for Tornado Cash and its founders, who face constant legal issues, it also highlights concerns about how government actions influence cryptocurrency markets. A burning example of this is XRP, which underperformed for years due to the SEC lawsuit. The volatility in the crypto landscape often correlates with regulatory news. As seen recently, TORN has surged dramatically since its delisting. Let’s take a look at the price analysis of the last 24 hours and make TORN price predictions for the coming days.

TORN Price Analysis of Last 24 Hours: Multiple Spikes in a Single Day!

TORN started the day close to the established support level of $11.7. TORN was seen working in a trading range for a few hours, working above the support. At 3:15 UTC, however, TORN found amazing buying pressure as it spiked upwards, plateauing at $12.45 before facing slight correction, due to the overbought levels. At 5:05, TORN again spiked upward, going from $12.03 to $12.85 within 10 minutes. The token fluctuated rapidly around the new $12.9 resistance as overbought conditions formed once again.

Chart 1: Analyzed by raodevansh18, published on TradingView, March 24, 2025

TORN dipped slightly before making another attempt at resistance. The failed attempt sparked a downtrend as TORN found itself resting at the $11.8 support once again. At 16:10, a golden cross formed on the MACD as TORN jumped skyward, challenging the $12.85 resistance again. With a short reversal, TORN shot past the resistance to reach $15.39 by 17:50 UTC. The overbought levels on the RSI again called for a price drop, and a death cross on the MACD validated the ensuing decline. The drop eventually took TORN to $13.56. The token attempted to rise again, but found rejection at $14.11, leading to range-bound behavior. TORN ultimately broke out of the range upward but has since gone down to abandon the $13.5 support. As of the latest update, TORN continues a downtrend, trading at $12.32

TORN Price Prediction: Can TORN Reproduce Past Week’s Heroics?

While the performance is nothing short of impressive on the charts, it is difficult to make a TORN price prediction given market volatility and the persistent legal challenges it has faced. While its acquittance has led to a significant price rise, there is no telling how long the buying pressure will hold. In the short term, TORN should be able to find enough buying pressure to support an uptrend today. Failure to do so may result in TORN returning to $11 support levels. 

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