Odaily News On Tuesday, the court ruled that immutable smart contracts are not property and cannot be sanctioned under current law, with some observers claiming it was a major victory for privacy advocates. "While this ruling does not endorse money laundering, it sets a precedent that allows programmers to develop and release smart contract protocols without fear of sanctions without charging fees," 10X Research said in a note to investors on Wednesday. The move could also give developers more clarity on what they can build without falling into regulatory scrutiny, especially on Ethereum. "Since Ethereum remains the main DeFi frontier, this decision is positive for the broader DeFi ecosystem and other protocols, especially on the Ethereum network. This could have a huge impact." Balaji Srinivasan, former CTO of Coinbase and a well-known cryptocurrency entrepreneur, said on X on Wednesday: "Privacy wins. Smart contracts win. Tornado Cash wins. And OFAC loses." (Decrypt)