Coinbase CLO: Without a final court ruling, Tornado Cash may be sanctioned again in the future

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MarsBit
03-24
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Mars Finance News: Coinbase's Chief Legal Officer Paul Grewal criticized the U.S. Treasury Department for attempting to circumvent legal rulings about Tornado Cash by removing it from its global blacklist. He warned that without a final court decision, there is no guarantee that Tornado Cash will not face sanctions again. It is reported that the U.S. Treasury blacklisted Tornado Cash in 2022 due to its alleged involvement in laundering $445 million stolen by the Lazarus cybercrime network. However, an appellate court ruled that blacklisting certain smart contracts is unconstitutional. (CoinDesk)

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