US court dismisses Coin Center's appeal against US Treasury Department's sanctions on Tornado Cash

On July 8, Cointelegraph reported that the U.S. Eleventh Circuit Court of Appeals has dismissed the appeal of cryptocurrency advocacy group Coin Center against the U.S. Treasury Department's Office of Foreign Assets Control (OFAC)'s 2022 sanctions on mixing service Tornado Cash. This move effectively ends Coin Center's legal challenge to the Treasury Department's OFAC. Coin Center Executive Director Peter Van Valkenburgh said that this marks the official end of their court battle over the statutory authority of the Tornado Cash sanctions, stating that "the government is unwilling to continue defending its dangerously overbroad interpretation of sanctions laws." [Deep Tide TechFlow]