Coinbase-Backed Lawsuit Fights Tornado Cash Sanctions
Coinbase has joined six plaintiffs in a legal challenge against the US government's sanctions on Tornado Cash, a privacy-focused cryptocurrency mixer. The parties argue that the sanctions imposed by the Office of Foreign Assets Control (OFAC) are a violation of their Constitutional rights and are seeking to reopen Tornado Cash for all US-based citizens.
The outcome of this case could have far-reaching implications for the legality of privacy-enhancing technologies and their use within the United States.
The plaintiffs assert that Tornado Cash's smart contracts, which function autonomously without human control, should not fall under Congress's definition of "property." They argue that the sanctions infringe upon the First Amendment by preventing thousands of law-abiding US citizens from interacting with open-source code, thereby restricting various forms of speech.
The case has garnered significant attention from the cryptocurrency community and privacy advocates, who are closely monitoring the legal battle and its potential repercussions for the broader crypto ecosystem.
The plaintiffs assert that Tornado Cash's smart contracts, which function autonomously without human control, should not fall under Congress's definition of "property." They argue that the sanctions infringe upon the First Amendment by preventing thousands of law-abiding US citizens from interacting with open-source code, thereby restricting various forms of speech.
The case has garnered significant attention from the cryptocurrency community and privacy advocates, who are closely monitoring the legal battle and its potential repercussions for the broader crypto ecosystem.
