US Treasury challenged over Tornado Cash sanctions

In an attempt to overturn sanctions imposed on Tornado Cash, Ethereum's privacy service, the plaintiffs are questioning the U.S. Department of Treasury's interpretation of property rights in smart contracts and application of the first amendment's free speech clause.



Recent legal developments involve lawsuits directed at the U.S. Department of Treasury regarding the sanctions imposed on Tornado Cash, a service that mixes Ethereum. The plaintiffs argue that the lawsuit is primarily focused on ensuring that the Treasury adheres to the fundamental principles of the International Emergency Economic Powers Act (IEEPA) and the Free Speech Clause of the First Amendment rather than creating specific regulations for emerging technologies.



Paul Grewal, the Chief Legal Officer of Coinbase, summarized the arguments on Twitter, highlighting a


First found on: https://coinatory.com/2023/05/25/sanctions-challenged-over-tornado-cash/?utm_source=BG&utm_medium=Blogger+Some+Crypto+Blog&utm_campaign=SNAP