The Blockchain Affiliation reported June 2 that it filed an amicus transient in assist of CoinCenter’s case defending coin mixer Twister Money.
Kristin Smith, CEO of the Blockchain Affiliation, stated:
“…Twister Money is solely a device – to punish the device itself just because it may be utilized by anybody, together with dangerous actors, is in opposition to the values on which (america) was based.
Smith stated the Blockchain Affiliation “stands with Coin Middle,” including that her group helps the “accountable and authorized” use of blockchain expertise.
Software program can’t be penalized
Marisa Tashman Coppel, Coverage Advisor on the Blockchain Affiliation, commented beneath, arguing that the Treasury and the Workplace of Overseas Property Management (OFAC) couldn’t legally punish software program like Twister Money.
It argued that OFAC can solely impose sanctions on people and property. She defined that Twister Money isn’t property as a result of it’s not owned by any entity, and stated that this argument holds even when Twister Money’s DAO is taken into account an individual. It claimed that Twister Money is “fully separate” from its DAO and would exist with out the DAO.
Copel argued that OFAC violated free speech and due course of by sanctioning Twister Money’s coin mixer protocol and did not warn people who used the service earlier than imposing restrictions.
Treasury and OFAC will reply earlier than the courtroom points an order.
There are two Twister Money lawsuits underway
Blockchain Affiliation Temporary Relating to Coin Middle’s Lawsuit Towards OFAC and Protection of Twister Money. This lawsuit was filed in October 2022.
CoinCenter lawsuit follows earlier lawsuit in 2022 in September, when six people, together with Ethereum developer Preston Van Loon, Joseph Van Loon, and two Coinbase workers, filed a lawsuit over OFAC’s therapy of Twister Money.
The Blockchain Affiliation additionally filed an amicus transient in assist of Van Loon et al. April. Coppel stated the Blockchain Affiliation made related arguments in each briefs.
The plaintiffs in Van Loon et al. Further arguments have been introduced by 2023. Could 24
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