OFAC’s Tornado Cash Sanctions
Tangents from Coin Center
English - August 15, 2022 20:53 - 54 minutes - 49.7 MBSociety & Culture News Tech News bitcoin cryptocurrency Homepage Download Google Podcasts Overcast Castro Pocket Casts RSS feed
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In this episode of Tangents, Peter and Jerry discuss the Tornado Cash sanctions list designation by the Treasury Department’s Office of Foreign Assets Control. As they explain in a legal analysis of the case, they believe that OFAC has overstepped its legal authority by adding certain Tornado Cash smart contract addresses to the SDN List, that this action potentially violates constitutional rights to due process and free speech, and that OFAC has not adequately acted to mitigate the foreseeable impact its action would have on innocent Americans.