The United States Treasury faces a renewed legal challenge that aims to overturn the decision to sanction the crypto mixer Tornado Cash, filed by six individuals backed by the cryptocurrency exchange Coinbase (NASDAQ:COIN).
A motion for a partial summary judgment was filed on April 5 in a Texas District Court, with the Coinbase-backed plaintiffs moving for the U.S. Office of Foreign Asset Control (OFAC) to settle for the first two counts from its original complaint filed in September 2022.