United

Tornado Cash

Tornado

Blockchain Association, which is lobbying to break the pressure on the industry in the United States, supports the sanctioned Tornado Cash.According to the decision taken by the association yesterday, it was revealed that Tornado Cash users would support the counterclaim filed by them. Six different American citizens using the application filed a lawsuit on the grounds that the sanction decision was unlawful. Defendants include the Department of the Treasury, Janet Yellen, OFAC and its chairman, Andrea Gacki.Describing themselves as "Van Loon and his friends", the plaintiff group emphasized that constitutional rights were violated in the indictment they submitted to the judge:<blockquote>"The government and the institutions involved threaten the financial freedom and capabilities of American citizens."</blockquote><h2 id="people-should-be-sanctioned">"People Should Be Sanctioned"</h2>Blockchain Association executives acknowledge the malicious use of the platform in question. But they believe that next to the dry, the age should not burn.Speaking to the press, the director of the association, Kristin Smith, said the following about the Tornado Cash incident:<blockquote>"We urge OFAC to take the right decision on Tornado Cash. The platform cannot be banned outright just because it uses malicious people. A large audience uses Tornado Cash to ensure privacy. Individuals, not initiatives, should be the subject of sanctions."</blockquote>

Blockchain Association Supports Tornado Cash

Table of Contents

Bitcoin Sistemi EN

Other articles published on Apr 13, 2023

‘FinTwit’ is Here: Twitter’s 350M+ Users Can Now Trade Stocks and Crypto

Zambia’s Crypto Regulation Tests to be Wrapped by June: Report

‘FinTwit’ is Here: Twitter’s 350M+ Users Can Now Trade Stocks and Crypto

Tron founder Justin Sun summoned by US court amid SEC legal battle

Circle & BlockFi Under Scrutiny in SVB Investigation by Warren & AOC

Ethereum Breaks over $2000 as Shapella Closes in

Join our free newsletter for daily crypto updates!