Appeal Dropped Over Crypto Transactions on Foreign Software Law

The removal of economic sanctions against a Russian-developed software tool has ended a legal appeal over the government’s treatment of it.

Coin Center Inc. and the US government agreed to end an appeal involving the use of certain economic sanctions for the software tool, called “Tornado Cash,” given policy change. The US Court of Appeals for the Eleventh Circuit granted a motion to vacate the judgment and remand with instructions to dismiss.

The circuit, which heard oral arguments Nov. 19, had yet to rule on the case, which concerned whether the Department of the Treasury’s Office of Foreign Assets ...