Coin Centre May Bring Legal Action Against OFAC for Tornado Sanctions

Coin Centre May Bring Legal Action Against OFAC for Tornado Sanctions

Https://cb.run/aNT7 Coin Centre May Bring Legal Action Against OFAC for Tornado SanctionsCoin Centre – a non-profit crypto policy think tank – is considering a court challenge against the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC).

The challenge is a response to the OFAC’s recent addition of privacy protocol Tornado Cash to its Specially Designated Nationals And Blocked Persons (SDN) List.

Coin Centre has provided extensive legal analysis arguing that this exceeds the office’s statutory authority.

Why Was Tornado Sanctioned?

Per the think tank’s statement on Monday, the OFAC’s action presents a potential violation of Americans’ constitutional rights to free speech and due process.

Furthermore, it alleges that the OFAC...