Coin Center Sues Janet Yellen Over Tornado Cash Sanctions
Source: AdobeStock / Vladimir Kazakov The crypto think tank Coin Center has sued US Treasury Secretary Janet Yellen over sanctions imposed on the coin mixer Tornado Cash, saying the service has legitimate use cases. In the lawsuit, filed in Florida on Wednesday this week, Coin Center said Tornado Cash is “an open-source software tool that helps Americans maintain their privacy while using cryptocurrency.” “The Administration’s use of the foreign-affairs power to punish domestic cryptocurrency users was unprecedented and unlawful,” the lawsuit added, referring to the sanctions imposed by the Office of Foreign Asset Control (OFAC). Among those named as defendants in the suit were US Treasury Secretary Janet Yellen and OFAC Director Andrea Gacki. New York-based crypto investor David Hoffman and Florida-based software developer Patrick O’Sullivan were among the plaintiffs named in the suit. Source: Coincenter.org According to the lawsu...