Sanctions imposed last year by the U.S. Treasury Department against decentralized cryptocurrency platform Tornado Cash are here to stay, according to a recent ruling by a federal judge.
Six individuals filed a civil lawsuit in the U.S. District Court in Austin, Texas, last September against the Treasury Department and its leaders, alleging the designations against Tornado Cash exceeded the department’s legal authority over foreign nationals’ interests in property and violated the First Amendment.
The suit was financed by crypto exchange Coinbase Global in an effort to defend privacy in crypto, its chief executive Brian Armstrong said at the time.
‘Enforcement 40’ for 2020
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