Coinbase's CLO, Paul Grewal, criticized the US Treasury for lifting sanctions on Tornado Cash, citing flaws in the decision-making process.
Paul Grewal's Position
Following the decision to lift sanctions on the crypto mixer Tornado Cash, Paul Grewal expressed his concern over attempts by the US Treasury to avoid a final court decision.
Dispute Over Tornado Cash
Tornado Cash found itself at the center of legal disputes after US authorities added it to the SDN list, accusing it of aiding the laundering of $500 million in stolen digital assets by the Lazarus Group.
Legal Support for Tornado Cash
Coinbase, along with the Ethereum Foundation, provides legal support to Tornado Cash's lead developer Alexey Pertsev. This ongoing conflict highlights the complexities of cryptocurrency regulation and its impact on the legal landscape.
The conflict over Tornado Cash reflects the complexity of crypto regulation and underscores the importance of final court rulings to prevent future sanctions.
