Coinbase CLO slams the US Treasury to avoid the final decision of the Tornado cash case.

On Friday, the US Treasury has lifted sanctions against crypto Mixer Tornado Cash, an encryption company. The encryption company has been accused of helping cyber criminals, including North Korean hackers, helped more than $ 7 billion. In 2022, the Treasury posted tornado cash on blacklists in laundering $ 455 million stolen by the Lasaros Hacking Group.

This movement arouses Grewal’s criticism.

But the movement caused a strong backlash. Paul Grewal, the chief legal director of Coinbase, has publicly criticized the US Treasury for handling the listing of Tornado Cash in the latest X post. He argues that the Treasury is trying to avoid the final court decision.

Grewal criticizes the US Treasury for continuing legal measures against Tornado Cash, even after being removed from the specified Nationals (SDN) list. The Treasury now claims that the final court ruling is unnecessary, but Grewal argues that this violates the legal process.

He shared that the defendant was only valid if he could prove that the problem had to be again inevitable. He also mentioned the past cases where sanctions were lifted, but the case was open so that it could be excluded later.

“The Treasury has removed Tornado cash organizations from SDN, but we didn’t provide the Tornado cash to rejoin the list of lists.

Grewal’s criticism occurs in a long legal battle in which a tornado cash user has challenged the Finance’s decision to add a mixer to the SDN list. The user insisted that the SMART contract was not qualified as a property under the International Emergency Economic Power Act (IEEPA).

The court was with users, but clarified the status of Tornado’s smart contract, but despite it, Grewal criticized the Treasury that the Treasury did not completely follow the court’s ruling.

Coinbase, Ether Leeum Foundation returns to Tornado cash.

Tornado Cash was supported by groups such as Coinbase and Etherrium Foundation. Promoters argued that the Treasury’s behavior was unfair and lacked a clear legal basis, and the legal battle became intense.

Increasing sanctions against cash is an important stage in the ongoing discussion on how to regulate encryption mixers. The Treasury released the legal issues and released them, but still expressed concern about the use of digital assets for North Korea’s hacking and money laundering.