11 months ago
1 min read
Crypto Community Fights Back Against U.S. Sanctions on Tornado Cash
A group of pro-crypto organizations has filed an amicus brief in support of a lawsuit challenging the legality of sanctions imposed on the decentralized finance (DeFi) protocol Tornado Cash. The amicus brief, filed by the Blockchain Association, the DeFi Education Fund, and Coin Center, argues that the sanctions imposed by the Treasury Department’s Office of Foreign Assets Control (OFAC) are unlawful. The OFAC imposed sanctions on Tornado Cash in February, alleging that it was being used by criminals to launder money. However, the pro-crypto groups argue that the sanctions are unprecedented and violate the First Amendment right to free speech.