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Coin Center Says OFAC’s Tornado Cash Ban Exceeds Statutory Authority

source-logo  coinculture.com 17 August 2022 08:30, UTC

The U.S. Treasury may have exceeded its legal authority by punishing the cryptocurrency mixer Tornado Cash, according to the bitcoin advocacy organisation Coin Center.

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The U.S. Treasury exceeded its authority. Image: coincenter

According to a blog post published Tuesday, Coin Center will seek administrative remedy alongside other activists.

The writers of a blog post contended that Tornado Cash is an unattended, self-executing application on Ethereum and not a person, company, or asset that the Treasury Department may sanction.

The blog also highlighted the Fifth Amendment and accused the U.S. Treasury of breaching “due process and free expression” rights guaranteed by the Constitution.

Some celebrity crypto wallets were restricted when the sanctions were published since they had received 0.1 ETH via Tornado Cash that was given to them anonymously.

The Electronic Frontier Foundation, a digital rights organisation formed over three decades ago, declared on Tuesday that it would oppose Tornado Cash’s censure by the U.S. Treasury Department.

coinculture.com