Published: Nov. 1, 2023 at 5:03 p.m. ET
By Mengqi Sun
A federal judge in Florida has denied a cryptocurrency advocacy group’s bid to challenge U.S. sanctions imposed on crypto mixer Tornado Cash.
Coin Center, a crypto-focused think-tank, along with several individuals, filed the suit last year against the U.S. Treasury Department, asking it to remove Tornado Cash from the sanctions…
By Mengqi Sun
A federal judge in Florida has denied a cryptocurrency advocacy group’s bid to challenge U.S. sanctions imposed on crypto mixer Tornado Cash.
Coin Center, a crypto-focused think-tank, along with several individuals, filed the suit last year against the U.S. Treasury Department, asking it to remove Tornado Cash from the sanctions list.
The suit argued the designation exceeded the Treasury’s authority and violated the First Amendment.
A judge in the U.S. District Court Northern District of Florida Pensacola Division ruled in favor of the Treasury Department on Monday, allowing the sanctions to remain in place.
A similar case filed last year in Texas challenging the Tornado Cash sanctions and financed by crypto exchange Coinbase also failed.
Write to Mengqi Sun at [email protected]
