The non-profit that focuses on policy issues facing cryptocurrencies, Coin Center, has filed a lawsuit against the US Treasury department over the TornadoCash ban.
by a great number of crypto proponents and freedom advocates. Coin Center notes in the court filing that the plaintiffs are ethereum users, and the group summarizes how the Ethereum blockchain is fully transparent.states. “These tools generally allow users to clear any publicly discernible connection between their past and future transactions. They do this by making transactions by the same person appear unrelated, thereby stymying bad actors who seek to track, stalk, retaliate, and endanger.
Coin Center’s grievances with the Treasury are very similar to the issues Coinbase mentioned in September. Coinbase also said that “there are legitimate applications for this type of technology and as a result of these sanctions, many innocent users now have their funds trapped and have lost access to a critical privacy tool.
“As a result of the Biden Administration’s action, Americans who use Tornado Cash to protect their privacy while using their own assets are criminals,” Coin Center’s complaint further explains. “Additionally, their receipt of any asset through Tornado Cash, even one from a stranger that they did not solicit, is a federal crime. And their use of Tornado Cash to protect their expressive activities is criminal as well.
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