The enforcement of the Corporate Transparency Act (CTA) is currently on hold following a recent court ruling. The U.S. Court of Appeals for the Fifth Circuit reversed a previous district court ruling in the case of Van Loon v. United States Department of the Treasury, determining that the Office of Foreign Assets Control (OFAC) had overstepped its authority under the International Emergency Economic Powers Act (IEEPA) when it sanctioned Tornado Cash in 2022. In light of this, the Financial Crimes Enforcement Network (FinCEN) has appealed the Texas court's injunction that blocks CTA enforcement nationwide, just four weeks before a key reporting deadline. The ongoing developments raise questions about the future of anti-money laundering regulations and the scrutiny fintech companies may face from the Federal Deposit Insurance Corporation (FDIC).