Key Takeaways Roman Storm, co-founder of cryptocurrency mixer Tornado Cash, has moved to dismiss charges against him, alleging he operated a money laundering business and violated the International Emergency Economic Powers Act. In a filing to the United States District…
Key Takeaways The Arbitrum DAO has recently retracted a proposal that aimed to allocate funds for the legal defense of Tornado Cash’s developers. The proposal put forth by Arbitrum contributor Joseph Axisa sought to allocate nearly $1.3 million worth of…
Key Takeaways The Blockchain Association, once again, is rallying behind six plaintiffs in their legal battle against the U.S. Treasury Office of Foreign Assets Control (OFAC) over sanctions on Tornado Cash. In a recent amicus curiae brief submitted on November…
Key Takeaways: A U.S. Federal Court has ruled in favor of the United States Treasury Department’s authority and decision to impose sanctions on the widely-used cryptocurrency mixer, Tornado Cash, due to money laundering concerns. U.S. District Judge Robert Pitman upheld…
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