Crypto mixer Tornado Cash just flipped the script on the Treasury—and privacy coins are reaping the rewards.

Tornado Cash’s native token, TORN, soared to highs of almost $35 Tuesday morning, after the U.S. Fifth Circuit Court ruled that immutable smart contracts cannot be classified as “property” under existing law.

At time of publication, TORN has pulled back from its local high to trade at $17.17—up 382.9% on the day, per CoinGecko data.

The court's landmark decision struck a blow to the U.S. Treasury Department’s sanctions authority, triggering a market-wide rally in privacy-focused cryptos. Railgun (RAIL) surged 36.6% to $0.98, Zcash (ZEC) climbed 26.5% to $56.92, Beam (BEAM) increased 19.8% to $0.069, and DASH jumped by 11.4% to $35.79, according to CoinGecko data.