Coinbase backs lawsuit aimed at Treasury’s Tornado Cash sanctions

From theblock.co

Several employees of leading crypto exchange Coinbase are filing suit to roll back last month's Tornado Cash sanctions. Coinbase itself is financially backing the suit. The lawsuit centers on a novel argument: Whether the U.S. government can target recurring code for national security purposes. The employees filed their suit in the U.S. District Court for the Western District of Texas. “People, or entities, or properties are fair game. Code is not,” Paul Grewal, Coinbase‘s chief legal officer, told The Block. The case comes exactly one month after the U.S. Treasury Department's Office of Foreign Assets Control ... (full story)