United

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Tornado Cash

Tornado

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<ul class="news-points">
 <li>The plaintiffs in the Tornado Cash case filed a strong response to the U.S. Treasury.</li>
 <li>Coinbase supports the crypto mixer and aims to “preserve” Americans’ right to privacy.</li>
 <li>Tornado Cash co-founder Roman Storm has denied allegations of money laundering.</li>
</ul>
In the ongoing legal battle surrounding allegations of money laundering, Ethereum-based crypto mixer Tornado Cash has received support from crypto exchange Coinbase’s legal chief, Paul Grewal, who has stepped forward to “preserve” Americans’ right to privacy.
In a series of posts on social media platform X, Grewal<a href="https://twitter.com/iampaulgrewal/status/1779992434635886976?t=7UWN4s9ZcXKhjgjWRaGGjQ" target="_blank" rel="noopener noreferrer nofollow"> highlighted</a> Coinbase’s backing for a significant legal challenge aimed at protecting privacy rights.&nbsp;
Grewal acknowledged that in the Fifth Circuit Court of Appeals, the plaintiffs in the Tornado Cash case<a href="https://assets.ctfassets.net/c5bd0wqjc7v0/5s8nt2JIqqcpy35LTFUmgl/58f028fe9c184c2b8d7e959a02aa87e2/Van_Loon_CA5_reply_brief.pdf" target="_blank" rel="noopener noreferrer nofollow"> filed</a> a strong response to arguments presented by the United States Treasury.
As per the filing, the Treasury needed to “establish that it had sanctioned an association made up of people who share a common purpose,” noted Grewal. He also pointed out a shift in the Treasury’s argument, stating:
<blockquote class="wp-block-quote">
 In a surprising twist, Treasury seems to have abandoned its theory in the lower court…
</blockquote>
The post <a href="https://coinedition.com/coinbase-backs-tornado-cash-seeks-to-protect-right-to-privacy/" rel="noopener noreferrer nofollow">Coinbase Backs Tornado Cash, Seeks to Protect Right to Privacy</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Coinbase Backs Tornado Cash, Seeks to Protect Right to Privacy

Coin Edition

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