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We’re suing the government again

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We’re suing the government again

Coin Center
Oct 14, 2022
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This week Coin Center announced another lawsuit against the U.S. government. We are suing the Treasury Department and its Office of Foreign Asset Control (OFAC) over its recent sanction of Tornado Cash smart contracts. 

Twitter avatar for @jerrybrito
Jerry Brito @jerrybrito
1/ Today Coin Center filed suit in federal district court against OFAC challenging its authority to sanction Tornado Cash immutable smart contracts.
4:41 PM ∙ Oct 12, 2022
2,227Likes627Retweets

 You can read more about our suit and the full complaint here: Coin Center is suing OFAC over its Tornado Cash sanction. 

Previously, we have sued the Treasury department over its unconstitutional surveillance requirements for transactions directly between two parties. That case is in process and we will share updates when we can. 


Recent news from the Securities and Exchange Commission has reopened the discussion of when and how NFTs can be securities. Research Director Peter Van Valkenburgh joined Laura Shin to dive into these issues. 

Twitter avatar for @laurashin
Laura Shin @laurashin
.@valkenburgh of @coincenter joins @Unchained_pod to discuss: 🐵 the SEC probe into Yuga Labs 🧐 how metaverse land sales are like securities offerings 👩🏽‍⚖️ CoinCenter’s lawsuit against Treasury & OFAC over Tornado Cash sanctions + more! unchainedpodcast.com/why-the-sec-is…
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12:23 PM ∙ Oct 14, 2022
26Likes6Retweets

Different news from the SEC has reopened the discussion of staking and securities laws. Peter joined a twitter space hosted by our friends at the Proof of Stake Alliance to break down the issue.

Listen to the recording here:

Twitter avatar for @TeamPOSA
Proof of Stake Alliance (POSA) @TeamPOSA
https://t.co/UO5JNhFbAx
11:03 PM ∙ Oct 12, 2022

Read more: Does the Merge change how Ethereum is regulated? (No.)


Peter also gave a lecture on privacy and surveillance law for U.C. Berkeley’s Decentralized Finance MOOC. The video is two hours long and goes into detail on hot button issues particular to DeFi. 

Watch: Peter Van Valkenburgh, Current Topics in Crypto Regulation


We participated in POLITICO’s Writing the Rules of Crypto event in D.C. alongside Rep. Patrick McHenry, ranking member of the House Financial Services Committee. 


Coin Center in the Media 

Wall Street Journal - Crypto Advocacy Group Sues U.S. Treasury Over Tornado Cash Sanctions

Washington Post - Industry group sues government over sanctions on Tornado Cash mixer

Politico - A second Tornado Cash Lawsuit

Axios - ​​Coin Center suit alleges Tornado Cash sanction exceeded statute

Bloomberg - Crypto Group Sues Janet Yellen, US Treasury Over Tornado Cash Sanctions

The Block - Coin Center sues Treasury over Tornado Cash sanctions

CoinDesk - Crypto Think Tank Coin Center Sues US Treasury Over Tornado Cash Sanctions

Decrypt - Coin Center Sues Treasury Over Tornado Cash Ban


As always, if you wish to support Coin Center’s policy advocacy mission please consider making a donation: coincenter.org/donate

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