Reaction! Coinbase bankrolls lawsuit against Treasury Department following Tornado Cash sanctions

KEY POINTS
Coinbase is backing a lawsuit filed against the Treasury Department Thursday by six users of a recently sanctioned crypto service.
Treasury said the service helped launder billions from state-sponsored bad actors. But crypto enthusiasts argue that sanctioning crypto code is an overstep and could cause negative ripple effects in the tech industry.
“It sets a dangerous precedent,” Coinbase’s chief legal officer, Paul Grewal, tells CNBC.

source link: https://www.cnbc.com/2022/09/08/coinbase-bankrolls-suit-against-treasury-department-following-tornado-cash-sanctions.html

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