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How Congress should (and should not) approach DeFi
Given that Congress is now considering cryptocurrency market structure legislation, we felt it was important to reiterate the distinction between activities by market actors that may be appropriately regulated, and...
The RESTRICT Act, introduced by Senators Warner and Thune, aims to block or disrupt transactions and financial holdings involving foreign adversaries that pose risks to national security. Although the primary...
The bipartisan Digital Asset Anti-Money Laundering Act, introduced today by Sens. Warren and Marshall, is the most direct attack on the personal freedom and privacy of cryptocurrency users and developers...
Tornado Cash is no “golem.” It’s a tool for privacy and free speech.
In a recent article in Lawfare, Henry Farrell and Bruce Schneier defend sanctions imposed on Tornado Cash, a privacy tool on the Ethereum network. They argue that these sanctions are...
Coin Center is suing OFAC over its Tornado Cash sanction
Privacy is not the default on Ethereum. If you do your job on Ethereum, your co-workers can see your salary. If you donate to a political cause on Ethereum, the...
How does Tornado Cash actually work?
Today Coin Center published a detailed factual explanation of how Tornado Cash works. We worked with several world-class Solidity experts who generously donated their time to look directly at the...
Analysis: What is and what is not a sanctionable entity in the Tornado Cash case
Last Monday, the Treasury Department’s Office of Foreign Assets Control (OFAC) made a designation adding Tornado Cash to the Specially Designated Nationals And Blocked Persons (SDN) List that it administers....
U.S. Treasury sanction of privacy tools places sweeping restrictions on all Americans
Tornado.cash—the website and associated Ethereum addresses—has been added to the OFAC (Office of Foreign Assets Control) SDN list (the list of Specially Designated Nationals with whom Americans and American businesses...
Today Coin Center filed suit in federal district court against the Treasury Department in a facial constitutional challenge to the amendment of Section 6050I of the Tax Code that was...
New crypto sanctions bill targets publishing code, facilitating transactions
Senator Warren and a raft of Democratic co-sponsors today introduced a bill [PDF] titled the Digital Asset Sanctions Compliance Enhancement Act, which would place sweeping restrictions on the cryptocurrency ecosystem...