Sanctions Should Target Bad Actors. Not Technology.

1 · Coinbase · Sept. 8, 2022, 1:43 p.m.
Tl;dr: Coinbase is funding a lawsuit brought by six people challenging the US Treasury Department’s sanctions of the Tornado Cash smart contracts and asking the Court to remove them from the U.S. sanctions list. The lawsuit explains that OFAC exceeded its authority from Congress and the President in sanctioning open source technology, rather than sanctioning the bad actors who used it or the property of those bad actors.By Paul Growl, Chief Legal OfficerToday, Brian Armstrong shared why Coinbase...