The U.S. lifting of sanctions on the crypto mixer Tornado Cash has drawn sharp criticism. Coinbase's Chief Legal Officer Paul Grewal criticized the U.S. Treasury's actions.
Criticism from Coinbase
Grewal criticized the Treasury for continuing legal actions against Tornado Cash, even after its removal from the Specially Designated Nationals list. He argues that avoiding a final court decision breaches legal procedures.
Ongoing Legal Dispute
Grewal stated that final court decisions are crucial in such cases. He mentioned previous instances where sanctions were lifted but could be reimposed without concrete closure.
Future of Crypto Mixer Regulation
The lifting of sanctions marks an important step in the ongoing discussion on regulating crypto mixers. Support for Tornado Cash from entities like Coinbase and the Ethereum Foundation highlights the need for clear legal grounds.
Lifting sanctions against Tornado Cash underscores the need for clear and transparent legal processes in cryptocurrency regulation. The legal battle continues to be a focal point in the debate over the future of crypto mixers.
