Government
Government Blocking of "Tornado Cash" Cryptocurrency-Related Service Was Legal, Didn't Violate First Amendment
From Monday’s opinion by Judge T. Kent Wetherell, II (N.D. Fla.) in Coin Center v. Yellen (for a similar decision, see this August post about Van Loon v. Dep’t of Treasury): Plaintiffs argue that [the government’s restriction on the use of] Tornado Cash [a mechanism for further anonymizing cryptocurrency transactions] violated the First Amendment because […]
6 mins read
The Federal Government Is Trying To Shut Down Decentralized Finance
The Commodity Futures Trading Commission (CFTC) announced yesterday it had both filed and settled charges against three “decentralized finance” operations, Opyn Inc., ZeroEx Inc., and Deridex Inc. In the agency’s own language, the charges included “failing to register as a swap execution facility (SEF) or designated contract market (DCM), failing to register as a futures […]
5 mins read