Did Treasury Department overstep tornado cash?

Register Now A group of crypto investors and developers lost a lawsuit funded by Coinbase that sought to argue the U.S. Treasury Department overstepped its authority in sanctioning Tornado Cash, a mixing service designed to make crypto transactions anonymous.

Did US Treasury exceed its authority to sanction tornado cash?

A federal judge denied a motion supported by crypto market participants including Coinbase Global Inc. which argued that the US Treasury Department exceeded its authority when sanctioning the coin mixing service Tornado Cash.

Who is tornado cash?

Tornado Cash is an actual entity in itself, which has a property interest in its smart contracts, wrote Judge Robert Pitman, from the U.S. District Court for the Western District of Texas, on Thursday.