Coinbase-backed plaintiffs have filed a renewed legal challenge against the United States Treasury to overturn the decision to sanction the crypto mixer Tornado Cash.
The motion for a partial summary judgment was filed on April 5 in a Texas District Court, which aims to have the U.S. Office of Foreign Asset Control (OFAC) settle for the first two counts from its original complaint filed in September 2022.
The first count claimed that OFAC exceeded its statutory powers under the International Emergency Economic Powers Act (IEEPA) and the second count argued that the ban on the open-source code violated the free speech clause of the U.S. Constitution’s First Amendment.
The plaintiffs’ motivation behind the motion is part of a broader effort to restore internet privacy rights for U.S. citizens. The six plaintiffs are Joseph Van Loon, Tyler Almeida, Alexander Fisher, Preston Van Loon, Kevin Vitale, and Nate Welch.
Judith Faith has been writing about cryptocurrencies and blockchain technology for over five years. She is well versed in the industry and has an extensive network of industry contacts. She is also a frequent contributor to various cryptocurrency publications. With her vast knowledge and experience, she is able to provide insightful and valuable content to her readers. Judith is also an active investor in the cryptocurrency space and has a vested interest in the success of the industry.
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