Court ends Coin Center-US Treasury appeal over Tornado Cash

INSUBCONTINENT EXCLUSIVE:
The US Court of Appeals for the Eleventh Circuit has dismissed an appeal filed by crypto advocacy organization Coin Center against the US
the appellate court granted a motion to vacate a lower court ruling and remand with instructions to dismiss as part of a joint filing with
Coin Center and the US Treasury
Assets Control (OFAC).Source: US Court of Appeals for the 11th CircuitIn 2022, OFAC added multiple wallet addresses connected to Tornado
Cash to its list of sanctioned entities
other lawsuits filed by interested parties, including one from six Tornado Cash users backed by crypto exchange Coinbase.The price of
said Coin Center executive director Peter Van Valkenburgh in a Monday X post
Treasury under Trump could take a different approach to Tornado CashIn January, the US District Court for the Western District of Texas
ordered the repeal of OFAC sanctions against the mixing service as part of the case filed by the six Tornado Cash users.The Treasury
behind Tornado Cash, is scheduled to appear for a criminal trial in New York federal court
Storm faces charges of money laundering, conspiracy to operate an unlicensed money transmitter and conspiracy to violate US sanctions
already been found guilty of money laundering in the Netherlands and sentenced to more than five years in prison
Roman Semenov, the other developer named in the same indictment as Storm, was still at large at the time of publication.Magazine: Older
investors are risking everything for a crypto-funded retirement