U.S. Treasury Department Sees No Need for Final Judgement in Tornado Cash Sanctions Suit: Report
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The U.S. Treasury Department is requesting a federal judge to not make a final judgment in the Tornado Cash sanctions lawsuit. After removing Tornado Cash from the SDN blacklist, they argue the case is moot. However, Coinbase's chief legal officer Paul Grewal criticizes this move, warning that without a definitive court ruling, the crypto mixer could face future sanctions.
March 25, 2025 | 7:00 pm
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Coinbase's legal team is actively opposing the Treasury Department's attempt to avoid a final court ruling, highlighting potential future risks for crypto privacy services.
The ongoing legal dispute could impact Coinbase's regulatory standing and its advocacy for crypto privacy rights. While not directly affecting stock price, it demonstrates the company's proactive legal strategy.
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