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Coinbase Chief Legal Officer: Will Continue Supporting U.S. Treasury Appeal Against Tornado Cash Sanctions

Coinbase's Chief Legal Officer Paul Grewal stated regarding the lawsuit concerning sanctions on Tornado Cash, "still believe that the plaintiff's challenge to the U.S. Treasury Department's Office of Foreign Assets Control (OFAC) action against Tornado Cash is correct. We have always known that resolving these issues requires review by the Fifth Circuit Court of Appeals, and we will continue to support their appeal."

Previously reported, the judge dismissed part of the plaintiff's motion for summary judgment in the Tornado Cash lawsuit, finding that Tornado Cash is an association in the ordinary sense and therefore an entity that can be designated under OFAC regulations.

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