The United States Court of Appeal for the eleventh circuit rejected an appeal filed by the Crypto Advocacy Organization Coin Center against the US Treasury Department for the sanctions of the Office of Foreign Assets Control in 2022 against the Tornado cash mixture.
In a Thursday file, the Court of Appeal granted a request for the annulment of a lower justice decision and pre -trial detention with instructions to reject a joint file to the Center Center and the US Treasury. The dismissal, according to the court, would essentially conclude the judicial dispute of the Coin Center against the Bureau of the Treasury of the Control of Foreign Assets (OFAC).
In 2022, the OFAC added several portfolio addresses connected to the Tornado Cash to its list of sanctioned entities. Coin Center has filed a legal action alleging that the Treasury Department “has exceeded (its) statutory authority” in the sanctions, although there have been other proceedings filed by interested parties, including one of six Tornado users in species supported by Crypto Exchange Coinbase.
Tornado Cash (torn )’s native token price briefly increased by more than 14% to $ 10.55 on the news on Monday, before being $ 9.47 at the time of publication.
“This is the official end of our legal battle on the statutory authority behind the sanctions (of Tornado Cash)”, ” said Coin Center Executive Director Peter Van Valkenburgh, in a Monday X Post. “The government was not interested in going ahead and defending their interpretation dangerously too loss of the laws on sanctions.”
Cointelegraph holded out a Coin Center spokesperson but had not received an answer at the time of the publication.
In relation: The US Treasury under Trump could adopt a different approach to the Tornado Cash
In January, the American district court of the western district of Texas ordered the repeal of SOFAC sanctions against the mixture service, as part of the case filed by the six users of Tornado Cash.
The Treasury Department abandoned the tornado trees of its lists of nationals specially appointed in March, arguing in court that the case was “theoretical” and did not need a final judgment.
Tornado cash developers are still in difficulty
The file of the Court of Appeal intervened about two weeks before Roman Storm, one of the co-founders and developers of Tornado Cash, appeared for a criminal trial before the New York Federal Court.
Storm faces accusations of money laundering, conspiracy to exploit a silver issuer without license and a conspiracy to violate American sanctions. It is not known if the abandoned call could be used in the case of Storm.
Alexey Pétseev, another co-founder and developer of Tornado Cash, has already been found guilty of money laundering in the Netherlands and sentenced to more than five years in prison. Roman Semenov, the other developer appointed in the same indictment as Storm, was still at freedom at the time of publication.
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