Viewpoint: The encryption industry has recently achieved two major legal victories, striking against Senator Warren's Anti-Money Laundering bill.

FOX Business reporter Eleanor Terrett posted in X that the encryption industry has achieved two major legal victories in the past few days: 1. Today, the Fifth Circuit Court of Appeals ruled on Tornado Cash, saying that the U.S. Treasury Department’s addition of Open Sourceprotocol to the list of sanctioned entities was unlawful. This ruling would set a precedent that Open Source technology cannot be banned simply because it is being used by bad actors — and it would also be a blow to Senator Elizabeth Warren’s Anti-Money Laundering bill. 2. A district judge overturned the SEC’s proposed expanded broker-dealer rule, which would subject Decentralizationprotocol and AMM to regulatory scrutiny by adding Decentralizationprotocol and AMM to the agency’s definition of “dealer.” The judge ruled that the SEC overstepped its congressional authority by trying to cast its net so widely.