Coinbase Foots Bill For Lawsuit Against US Treasury Over Tornado Cash Sanctions

[Defi Degen]

So it seems that Coinbase is going to pay for the lawsuit against the Treasury department over this Tornado Cash action. Paul Grewal is a baller, for those who don't know, he's the chief legal officer for Coinbase.

Grewal likened the sanctioning of Tornado Cash to the police banning all use of a highway while chasing armed robbers on it. He said that Coinbase intends to pay for the plaintiffs' lawyers and other legal costs.

Coinbase Global (NASDAQ:COIN) – Coinbase Foots Bill For Lawsuit Against US Treasury Over Tornado Cash Sanctions: 'Saw This As Much Larger Problem'

Cryptocurrency exchange Coinbase Global Inc (NASDAQ: COIN) is funding a lawsuit against the U.S. Treasury Department for its sanctions against coin mixer Tornado Cash (CRYPTO:

www.benzinga.com

 

[tokenator]

Grewal posted an awesome blog article

Sanctions Should Target Bad Actors. Not Technology.

Tl;dr: Coinbase is funding a lawsuit brought by six people challenging the US Treasury Department’s sanctions of the Tornado Cash smart…

blog.coinbase.com