Tornado Cash Users Appeal Court Ruling Backing Treasury Department’s Sanctions
The plaintiffs in the case against the United States Treasury Department’s sanctions over the popular cryptocurrency mixer Tornado Cash are dissatisfied with the ruling of the court.
A group of five Tornado cash users has filed an appeal against the judgment of the US District Court that affirmed the Treasury Department’s decision to place it among the list of sanctioned firms.
According to a recent court filing, the five plaintiffs Joseph Van Loon, Tyler Almeida, Alexander Fisher, Preston Van Loon, Kevin Vitale, and Nate Welch argued to the US Court of Appeal for the Fifth Circuit that the Department went overboard in enforcing the Treasury’s Office of Foreign Assets Control against the crypto mixer.
The plaintiffs based their arguments on the administration’s scope of enforcement and an alleged misinterpretation of certain terms.
“The district court erred by concluding that the Department satisfied three of the requirements for a designation under IEEPA and the North Ko- rea Act. First, the purported Tornado Cash “entity” as defined by the Department is not a “national” or “person,” because it is neither a natural person nor a group of individuals who have demonstrated an agreement to further a common purpose.”
The five plaintiffs through their legal representation argued that the district court incorrectly interpreted the description of an entity as all holders of the 1.5 million TORN tokens do not act in common purpose.
The ownership tag was also rejected by the appellants as they claim that at least 20 smart contracts in the designation are immutable without owners. The trial court did not determine the statutory meaning of property but rather skipped to the Treasury Department’s application.
Interests claimed by the
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