Earlier this month, the Coin Center, a non-profit organization focusing on cryptocurrency policies, announced that it is filing a lawsuit against OFAC for its sanctions on Tornado Cash, a non-custodial, open-source, fully decentralized cryptocurrency tumbler.
- Coin Center, a crypto think tank, sues OFAC over sanctions against Tornado Cash, a privacy mixer.
- In their view, Americans are free to use privacy mechanisms, and OFAC does not have the authority to censor smart contracts.
- Coinbase, a publicly traded American firm that operates crypto exchange, is also supporting this case with Coin Center.