The Blockchain Affiliation mentioned June 2 that he filed an amicus temporary to assist the CoinCenter case defending coin mixer Twister Money.
Kristin Smith, CEO of the Blockchain Affiliation, mentioned:
“… Twister Money is solely a instrument – punishing the instrument itself simply because it may be utilized by anybody, together with dangerous actors, goes in opposition to values [the U.S.] relies on.”
Smith mentioned the Blockchain Affiliation “stands with Coin Heart” and added that her group helps the “accountable and authorized” use of blockchain expertise.
Software program can’t be sanctioned
Marisa Tashman Coppel, coverage advisor for the Blockchain Affiliation, commented additional, arguing that the Treasury Division and the Workplace of International Belongings Management (OFAC) can not legally sanction software program resembling Twister Money.
She asserted that OFAC can solely sanction individuals and property. She defined that Twister Money just isn’t property as a result of it’s not owned by any entity and mentioned that this argument holds true even when Twister Money’s DAO is taken into account an individual. Twister Money is “fully distinct” from its DAO and would exist with out the DAO, she argued.
Copel mentioned OFAC violated free speech rights and due course of by sanctioning the Twister Money coin mixing protocol and failed to provide honest discover to people who used the service earlier than imposing restrictions.
The Treasury Division and OFAC will reply earlier than the courtroom points a ruling.
Two pending lawsuits in opposition to Twister Money
The Blockchain Affiliation’s submitting pertains to Coin Heart’s lawsuit in opposition to OFAC and in protection of Twister Money. That lawsuit was filed in October 2022.
CoinCenter’s lawsuit follows a earlier lawsuit in September 2022 wherein six people, together with Ethereum developer Preston Van Loon, Joseph Van Loon, and two Coinbase staff, filed go well with in opposition to OFAC’s dealing with of Twister Money.
The Blockchain Affiliation additionally filed an amicus temporary in assist of Van Loon et al. in April. Coppel mentioned the Blockchain Affiliation made related arguments in each filings.
The plaintiffs in Van Loon et al. he submitted further arguments on Might 24, 2023.
The put up Blockchain Affiliation recordsdata new amicus temporary to assist protection of Twister Money appeared first on CryptoSlate.
