Coin Center is preparing for a legal challenge due to Tornado Cash sanctions.
Coin Center, a crypto-focused think tank, will take legal action against the Treasury Department’s sanctions on Tornado Cash.
Coin Center Takes Action for Legal Process
In a blog post, CoinCenter stated that “confirming” a smart contract is highly contradictory. The company’s executive director, Jerry Brito, and research director, Peter van Valkenburgh, stated that it was beyond OFAC’s legal mandate to treat an “autonomous code” as a legal entity.
The ministry’s Tornado Cash sanctions targeted people who used the crypto mixer and created the project. The following statements were included in the company’s blog post:
“This action gives a signal that Americans are not even using a particular tool or software for a perfectly legitimate purpose. It looks like he actually intended to do that.”
Stating that it will work to eliminate this, Coin Center stated that they want to activate OFAC as the first step. The company also emphasized that they will start investigating the case with a lawyer.
The sanctions, which came to the agenda last week, caused great discussions in the crypto money industry.
Last June, Coin Center filed a lawsuit against the Treasury over the 60501 provision in last year’s infrastructure law.
10508
