Tornado Cash users appeal ruling in favor of US Treasury

THE six people, supported by crypto exchange Coinbase, to have taken A case involving THE WE. Treasury sanction Tornado Species has federal to appeal court.

A band of Tornado Species users has deposit A call In federal court following A decision maintain THE United States Treasury Departments decision has add THE cryptocurrency mixer has It is list of sanctioned entities.

In A Nov. 13 deposit In THE WE. Court of Calls For THE Fifth Circuit, lawyers representative plaintiffs Joseph Van Dive, Tyler Almeida, Alexander Fisherman, Preston Van Dive, Kevin Vital And Nate Welch argued that THE WE. Treasury "stretched [It is] authority beyond acknowledgement" In sanction Tornado Species transactions. THE deposit came In answer has A August decision by A Texas federal judge WHO governed THE crypto mixer could be sanctioned below THE regulatory skill of Treasury Desk of Stranger Assets Control.

"THE district court made a mistake by final that THE Department satisfied three of THE requirements For A designation below [International Emergency Economic Powers Act] And THE North Korea Act," said THE Nov. 13 deposit. "THE Departments action East opposite has law And In excess of statutory authority below THE Administrative Procedure To act. »

According to has THE the plaintiffs, clever contracts below Tornado Species identified In THE trial were “immutable And without owner" And failed has meet THE WE. Treasury regulatory definition of "property" subject has punishments. THE call Also disputed THE Treasury definition of "interest," affirming Tornado Species has No "legal, fair, Or beneficial interest" In users' clever contracts.

THE deposit was THE last legal move In A trial First of all deposit by THE six people In September 2022. THE WE. Treasury Desk of Stranger Assets Control added Tor...