Six people, including Coinbase employees and prominent crypto developers, sue the US Treasury, Janet Yellen, and officials in Texas over Tornado Cash sanctions
Plaintiffs Joseph Van Loon, Tyler Almeida, Alexander Fisher, Preston Van Loon … David Yaffe-Bellany / New York Times : Investors Sue Treasury Department for Blacklisting Crypto Platform Stacy Elliott / Decrypt : Coinbase Backs Tornado Cash Lawsuit Against U.S. Treasury Nikhilesh De / CoinDesk : Crypto Engineers, Investors Sue US Treasury Over Tornado Cash Sanctions Tweets: Brian Armstrong / @brian_armstrong : 1/ Coinbase is funding a lawsuit brought by six individuals challenging the Treasury's sanction of the Tornado Cash smart contracts. https://blog.coinbase.com/... @iampaulgrewal : 1/7 This morning, Brian Armstrong shared why Coinbase is funding and supporting a challenge by six individuals (including two CB employees) against the Treasury Department and OFAC's novel sanctions of open source software associated with Tornado Cash. https://blog.coinbase.com/... @preston_vanloon : Today I joined five other plaintiffs in challenging the U.S. Treasury's and OFAC's sanctions against @TornadoCash, a piece of software running on Ethereum. I did not take this decision lightly. Code is speech and free speech is a constitutional right worth protecting. @viktorbunin : Today, we announced that @Coinbase is funding and supporting a lawsuit by six individuals against the Treasury Department's sanctions of Tornado Cash's smart contracts, an open source piece of software. You can read more about the details here: https://blog.coinbase.com/... Balaji Srinivasan / @balajis : Is financial privacy legal? Should HTTPS for cryptocurrency be applauded? And can we actually build an alternative to surveillance capitalism and surveillance states alike? That's what this is about. https://twitter.com/... Dean Steinbeck / @crypto_counsel : Amazing industry leadership from @coinbase. All of us should be thankful there is someone willing and able to fight. https://twitter.com/... Alex Gladstein / @gladstein : Very good! I look forward to the wider industry challenging the upcoming state attacks on Bitcoin mining as well 👌 https://twitter.com/... @hsakatrades : Armstrong won't be strong-armed. US regulatory bodies going through an identity crisis. One exchange bent the knee and is serenading them, other one is suing them. https://twitter.com/... Parker / @pt : This is being framed as a heavy-handed method of stopping money laundering, but if it were traditional tech they'd just go seize the servers. If a court were to rule sanctions illegal (unlikely), the govt will go after miners/stakers (servers). Be careful what you wish for... https://twitter.com/... Leo Schwartz / @leomschwartz : The first lawsuit has been filed against the US Treasury Department for its decision to sanction the cryptocurrency mixer Tornado Cash — interestingly, Coinbase is paying the legal bills. By @jeffjohnroberts: https://fortune.com/... @the3d_ : This is a smart way of fighting back. Not playing rebel for the glory. https://twitter.com/... @yugacohler : I am proud to work for a company that not only understands the importance of privacy-preserving technology, but will fight for it. @coinbase is challenging the Treasury Department's blanket sanction of the Tornado Cash smart contracts. https://blog.coinbase.com/... @plainsite : $COIN management does not like the precedents being set...and with good reason. https://twitter.com/... @iampaulgrewal : 3/7 But this legal challenge is about how OFAC exceeded the authority Congress and the President granted it in sanctioning open source technology, rather than sanctioning the bad actors who used it or the property of those bad actors. @natewelch_ : Today I joined five other plaintiffs in challenging the U.S. Treasury's and OFAC's sanctions against @TornadoCash, a piece of software running on Ethereum. I did not take this decision lightly. Code is speech and free speech is a constitutional right worth protecting. Douglas Tuman / @douglastuman : Nice to see industry leaders stepping up to support the core values of crypto...makes you wonder why @coinbase never listed Monero though?? @ViktorBunin would love to have you on @MoneroTalk to discuss Coinbase's support of the Tornado cash lawsuit. 🙏 https://twitter.com/... Jerry Brito / @jerrybrito : I'm glad to see folks taking to court the arguments re Tornado Cash that Coin Center has been developing. The complaint filed today in the Western District of Texas is very well done. We continue to work on our own effort. https://twitter.com/... Fatima Hussein / @fatimathefatima : Coinbase is funding a lawsuit brought by six people challenging the U.S. Treasury Department's sanctions of the Tornado Cash smart contracts and asking the Court to remove them from the U.S. sanctions list. https://blog.coinbase.com/... Mike Dudas / @mdudas : Coinbased https://twitter.com/... Leigh Drogen / @ldrogen : good on coinbase, i rip on them a lot but the team there is unambiguously on the good side https://twitter.com/... Collins Belton / @collins_belton : I know we rip on their confusing recent missteps but should also still recognize when CB comes through for the space. AND ONCE AGAIN FOR THOSE IN THE BACK, IF YOU ARE A NEWS ORG AND POST A STORY ABOUT A LAWSUIT WITHOUT A LINK TO THE SUIT YOU SHOULD TAKE A LAP AROUND SATURN@CNBC https://twitter.com/... @effortcapital : Coinbase is the White Knight. Put some respekt on Brian's and COIN's name. https://twitter.com/... @tier10k : [DB] Coinbase bankrolls lawsuit against Treasury Department following Tornado Cash sanctions: CNBC @kr00ney : NEW: Coinbase bankrolls lawsuit against Treasury Department following Tornado Cash sanctions🏦 OFAC says the service helped launder billions .. crypto industry argues sanctioning code is an overstep, sets a “dangerous precedent.” @CNBC ⬇️ https://www.cnbc.com/... Frank Chaparro / @fintechfrank : “People, or entities, or properties are fair game. Code is not,” Paul Grewal, Coinbase's chief legal officer, told The Block. Thanks: @jeffjohnroberts
1/ Coinbase is funding a lawsuit brought by six individuals challenging the Treasury's sanction of the Tornado Cash smart contracts. https://blog.coinbase.com/...
1/7 This morning, Brian Armstrong shared why Coinbase is funding and supporting a challenge by six individuals (including two CB employees) against the Treasury Department and OFAC's novel sanctions of open source software associated with Tornado Cash. https://blog.coinbase.com/.…
Today I joined five other plaintiffs in challenging the U.S. Treasury's and OFAC's sanctions against @TornadoCash, a piece of software running on Ethereum. I did not take this decision lightly. Code is speech and free speech is a constitutional right worth protecting.
Today, we announced that @Coinbase is funding and supporting a lawsuit by six individuals against the Treasury Department's sanctions of Tornado Cash's smart contracts, an open source piece of software. You can read more about the details here: https://blog.coinbase.com/...
Is financial privacy legal? Should HTTPS for cryptocurrency be applauded? And can we actually build an alternative to surveillance capitalism and surveillance states alike? That's what this is about. https://twitter.com/...
Armstrong won't be strong-armed. US regulatory bodies going through an identity crisis. One exchange bent the knee and is serenading them, other one is suing them. https://twitter.com/...
This is being framed as a heavy-handed method of stopping money laundering, but if it were traditional tech they'd just go seize the servers. If a court were to rule sanctions illegal (unlikely), the govt will go after miners/stakers (servers). Be careful what you wish for... htt…
The first lawsuit has been filed against the US Treasury Department for its decision to sanction the cryptocurrency mixer Tornado Cash — interestingly, Coinbase is paying the legal bills. By @jeffjohnroberts: https://fortune.com/...
I am proud to work for a company that not only understands the importance of privacy-preserving technology, but will fight for it. @coinbase is challenging the Treasury Department's blanket sanction of the Tornado Cash smart contracts. https://blog.coinbase.com/...
3/7 But this legal challenge is about how OFAC exceeded the authority Congress and the President granted it in sanctioning open source technology, rather than sanctioning the bad actors who used it or the property of those bad actors.
Today I joined five other plaintiffs in challenging the U.S. Treasury's and OFAC's sanctions against @TornadoCash, a piece of software running on Ethereum. I did not take this decision lightly. Code is speech and free speech is a constitutional right worth protecting.
Nice to see industry leaders stepping up to support the core values of crypto...makes you wonder why @coinbase never listed Monero though?? @ViktorBunin would love to have you on @MoneroTalk to discuss Coinbase's support of the Tornado cash lawsuit. 🙏 https://twitter.com/...
I'm glad to see folks taking to court the arguments re Tornado Cash that Coin Center has been developing. The complaint filed today in the Western District of Texas is very well done. We continue to work on our own effort. https://twitter.com/...
Coinbase is funding a lawsuit brought by six people challenging the U.S. Treasury Department's sanctions of the Tornado Cash smart contracts and asking the Court to remove them from the U.S. sanctions list. https://blog.coinbase.com/...
I know we rip on their confusing recent missteps but should also still recognize when CB comes through for the space. AND ONCE AGAIN FOR THOSE IN THE BACK, IF YOU ARE A NEWS ORG AND POST A STORY ABOUT A LAWSUIT WITHOUT A LINK TO THE SUIT YOU SHOULD TAKE A LAP AROUND SATURN @CNBC …
NEW: Coinbase bankrolls lawsuit against Treasury Department following Tornado Cash sanctions🏦 OFAC says the service helped launder billions .. crypto industry argues sanctioning code is an overstep, sets a “dangerous precedent.” @CNBC ⬇️ https://www.cnbc.com/...