The Daily Hodl
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
The Daily Hodl
No Result
View All Result

Blockchain Association Shows Support for Banned Tornado Cash in New Amicus Brief Filing

by Mehron Rokhy
April 15, 2023
in Blockchain, Regulators, Trading

A nonprofit organization dedicated to crypto advocacy is filing an amicus brief in support of the banned crypto mixer Tornado Cash.

In a new announcement, the Blockchain Association says that it has filed an amicus brief in the Office of Foreign Assets Control’s (OFAC) lawsuit against Tornado Cash, saying that the token mixer is “simply a tool.”

According to the group, it doesn’t make sense to ban Tornado Cash outright and authorities should instead focus on prosecuting individuals who use it in an illegal manner, just like any other tool.

“Today, Blockchain Association filed an amicus brief in support of Tornado Cash in OFAC’s case against the autonomous, decentralized software program.

The issue at hand is simple: Tornado Cash is simply a tool, and OFAC’s attempt to sanction a self-executing, privacy-protecting piece of software is a grave overreach that will have sweeping downstream consequences for Americans’ privacy.

As with other tools, we prosecute the individuals who use those tools for illicit activity, rather than sanctioning or banning the tools themselves. The same approach should hold true for OFAC’s approach to Tornado Cash.”

The group says that if OFAC is successful in its case against the crypto mixer, it could greatly empower the regulatory agency as well as have far-reaching implications for the US crypto industry and the constitutional rights of citizens.

“If OFAC succeeds in their action against these lines of code, there will be serious impacts on the US digital assets industry, jeopardizing law-abiding Americans’ financial privacy, threatening their constitutional rights, and greatly expanding OFAC’s power.”

Earlier this month, Paul Grewal, Coinbase’s chief legal officer, said he’s optimistic that the ban on Tornado Cash will be overturned due to the “powerful” legal arguments being made by the plaintiffs.

Tornado Cash, which pools together funds from differing sources, mixes them up and then redistributes them to increase anonymity, was originally sanctioned by OFAC in August 2022 because it was deemed to be a threat to national security.

Follow us on X, Facebook and Telegram

Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Surf The Daily Hodl Mix

 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney

Submit a Press Release

Industry Announcements

  • DoubleUp : A new generation of GambleFi
    May 13, 2025
  • MoonX: BYDFi’s On-Chain Trading Engine — A Ticket from CEX to DEX
    May 13, 2025
  • Canelo Álvarez Joins 1win as Global Ambassador After Historic Title Victory
    May 13, 2025
  • AB DAO and AB Charity Foundation Join Forces To Build a Trustworthy Infrastructure and Promote Global Philanthropic Transformation
    May 12, 2025
  • Sonic Labs Announces $10 Million Token Sale to Galaxy for US Expansion
    May 12, 2025
  • New Purpose-Built Blockchain T-Rex Raises $17 Million To Transform Attention Layer in Web 3.0
    May 8, 2025
  • Flipster Makes Esports Debut As Official Crypto Exchange Partner of TALON’s Dota Two Team, Powering a New Era of Fan Engagement
    May 7, 2025
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$103,762.80
$103,762.80
0.49%
Ethereum
$2,539.49
$2,539.49
0.88%
BNB
$656.06
$656.06
4.42%
Solana
$174.86
$174.86
1.28%
XRP
$2.54
$2.54
2.7%

Spotlight

  • Bitcoin Transitioning From Risk To Hedge Asset As Institutions and Governments Adopt BTC, Says Bitwise CIO
    May 6, 2025
  • Vitalik Buterin Warns Ethereum Has Become Needlessly Complex, Calls for Mass Simplification of Chain
    May 6, 2025
  • Bitcoin Has ‘One Final Leg’ of Outperformance Before Altcoins See Boost, According to Crypto Analyst
    May 6, 2025
  • Matt Hougan Reveals Massive ‘Base Case’ Price Target for Bitcoin by Year-End Despite Potential Political Threats
    May 6, 2025
DON'T MISS A BEAT
Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options
By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.
Featured Image: Shutterstock/Billion Photos

Covering the future of finance, including macro, bitcoin, ethereum, crypto, and web 3.

Categories

Bitcoin • Ethereum • Trading •
Altcoins • Futuremash • Financeflux •
Blockchain • Regulators • Scams •
HodlX • Press Releases

 

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT | ADVERTISE

JOIN US ON TELEGRAM

JOIN US ON X

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2025 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise

© 2025 The Daily Hodl