in the United States cryptocurrency Coin Center, one of the supporter organizations, filed a new lawsuit against the US Treasury Department. Coin Center, To Tornado Cash major sanctions imposed bitcoin and Ethereum He also thinks that it negatively affects simple cryptographers who use it.
Crypto volunteers sued the US Treasury Department yesterday, citing the above reasons. Coin Center manager Jerrt Brito announced the development on his Twitter account.
1/ Today Coin Center filed suit in federal district court against OFAC challenging its authority to sanction Tornado Cash immutable smart contracts.
— Jerry Brito (@jerrybrito) October 12, 2022
“Coin Center sued the ministry in federal district court today over OFAC’s sanctions on Tornado Cash.”
Coin Center members consider that the Tornado Cash sanctions violate the principle of “confidentiality”. The lack of a public process for the enforcement of sanctions is also a major problem, according to the members.
If the Tornado Cash case sets a precedent, regulators could impose the same sanctions on Bitcoin and Ethereum without any approval.
Jerry Brito stated that if they get a negative result in the district court, he will apply to the high court.
What is Tornado Cash? Why Does the USA Apply Sanctions?
Tornado Cash, Ethereum blockchain It is a privacy-focused cryptocurrency project operating on Thanks to Zk-Snark technology in the Tornado network TORN Tokens cannot be traced in any way.
The failure to trace the movements in the network alarmed the authorities in the USA. Regulators began imposing major sanctions on Tornado Cash this past summer.
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