{"id":578234,"date":"2022-10-12T20:26:57","date_gmt":"2022-10-12T19:26:57","guid":{"rendered":"https:\/\/en.ethereumworldnews.com\/?p=578234"},"modified":"2022-10-12T20:29:13","modified_gmt":"2022-10-12T19:29:13","slug":"u-s-treasury-hit-with-second-lawsuit-for-tornado-cash-sanctions","status":"publish","type":"post","link":"https:\/\/en.ethereumworldnews.com\/u-s-treasury-hit-with-second-lawsuit-for-tornado-cash-sanctions\/","title":{"rendered":"U.S Treasury Hit With Second Lawsuit For Tornado Cash Sanctions"},"content":{"rendered":"
Coin Center, a Washington D.C based non-profit crypto think tank, has filed a <\/span>lawsuit<\/span><\/a> against the U.S Treasury Department for <\/span>sanctioning<\/span><\/a> Tornado Cash, the Ethereum-based transaction mixer.<\/span><\/p>\n As per the lawsuit, which also names the Office of Foreign Assets Control (OFAC) as a defendant, the Treasury does not have the statutory or regulatory authority to impose such a ban on the mixer service.\u00a0<\/span><\/p>\n Jerry Brito, executive director of Coin Center, took to <\/span>Twitter<\/span><\/a> to explain the implications of the Treasury\u2019s actions and the need to challenge them.\u00a0<\/span><\/p>\n \u00a0\u201cNot only are we fighting for privacy rights, but if this precedent is allowed to stand, OFAC could add entire protocols like Bitcoin or Ethereum to the sanctions list in future, thus immediately banning them without any public process whatsoever. This can’t go unchallenged.” Brito stated.<\/span><\/p><\/blockquote>\n The lawsuit has demanded that all sanctions against Tornado Cash be removed so that American citizens can continue to protect their privacy while transacting via Ethereum.\u00a0<\/span><\/p>\n Coin Center\u2019s lawsuit comes a month after Coinbase <\/span>announced<\/span><\/a> that it was funding a lawsuit against the Treasury Department for imposing sanctions on Tornado Cash.\u00a0<\/span><\/p>\n The lawsuit, backed by Coinbase, made similar allegations against the Treasury while demanding that the mixer service be removed from the U.S sanctions list.<\/span><\/p>\nThe need to challenge Tornado Cash’s ban<\/b><\/h4>\n
Far-reaching implications<\/b><\/h4>\n