Nearly five months after the US Treasury lifted sanctions against Tornado Cash, the federal agency has dropped its appeal against the crypto mixer. The latest play formally brings the long-drawn Tornado Cash lawsuit to a close, but key developer Roman Storm still faces a stiff legal battle.
Coin Center And The Treasury End Tornado Cash Lawsuit
According to a Bloomberg Law report, the US Treasury Department has dropped its appeal against cryptocurrency mixer Tornado Cash. The Treasury Department agreed with Washington, D.C.-based advocacy group Coin Center to shutter the appeal against the crypto mixer.
Per the report, the United States Court of Appeals for the Eleventh Circuit granted a joint motion by the parties to dismiss the appeal. Court filings indicate that parties have agreed that the appeal is moot and that a court decision on the matter will have no practical effect.
Coin Center Executive Director Peter Van Valkenburgh revealed via X that the joint motion effectively brings the case to a close.
“This is the official end to our court battle over the statutory authority behind the TC sanctions,” said Valkenburgh. “The government was not interested in moving forward and defending their dangerously overbroad interpretation of sanctions laws.”
Back in April, Coinbase CLO Paul Grewal hailed a US court for vacating its judgment against Tornado Cash, prohibiting OFAC from imposing sanctions on the mixer.
This is a developing story.
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Aliyu Pokima
Aliyu Pokima is a seasoned cryptocurrency and emerging technologies journalist with a knack for covering needle-moving stories in the space. Aliyu delivers breaking news stories, regulatory updates, and insightful analysis with depth and precision. When he’s not poring over charts or following leads, Aliyu enjoys playing the bass guitar, lifting weights and running marathons.
