foreign, cash, filed,

Coinbase supports new court action to remove Tornado Cash ban

Apr 06, 2023 · 1 min read · 74 points
Coinbase supports new court action to remove Tornado Cash ban
Share this

A new motion has been filed in a Coinbase-funded lawsuit that attempts to persuade a U.S. Court to overturn the ban on using Tornado Cash.

Highlights

  • U.S.
  • Treasury faces a renewed legal challenge that aims to overturn the decision to sanction Tornado Cash.
  • Plaintiffs filed a motion for a partial summary judgment on April 5 in a Texas District Court.
  • They claim OFAC exceeded its statutory powers under the International Emergency Economic Powers Act (IEEPA) and violated the free speech clause of the Constitution’s First Amendment.
  • Tornado Cash creator Alexey Pertsev, the creator of the crypto mixer, has been held since August 18 on a series of money laundering charges in the Netherlands.
  • He has been charged with money laundering and money laundering offences in relation to the charges against him.
Read the original article

foreign cash filed
Join Newsletter
Get the latest news right in your inbox. We never spam!
Remember That? Lily Allen calls herself an 'idiot' for declining Bitcoin payment now
‘We may be looking at the end of capitalism’: One of the world’s oldest and largest investment banks warns ‘Greedflation’ has gone too far