Coin Center and Blockchain Association slam ‘unworkable’ US Senate DeFi bill

Coin Center said the bill was unconstitutional, while the Blockchain Association called it incompatible with blockchain technology.

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New House Financial Services Committee chair wants to delay crypto tax changes

U.S. Republican Representative Patrick McHenry called for clarification on a “poorly” written digital asset tax provision in a letter to the Treasury.

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Crypto Flipsider News – Bitcoin Holds Steady; October Crypto Hacks; Treasury Sued; BNB Hard Fork; Crypto.com France HQ

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Continue reading Crypto Flipsider News – Bitcoin Holds Steady; October Crypto Hacks; Treasury Sued; BNB Hard Fork; Crypto.com France HQ at DailyCoin.com.

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Coin Center files lawsuit against US Treasury over Tornado Cash sanctions

The advocacy group alleged OFAC “exceeded their statutory authority” in sanctioning Tornado Cash because the mixer was a “privacy tool beyond the control of anyone.”

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Treasury Sued by Coin Center Over Tornado Cash Ban

Coin Center has filed suit against the U.S. Treasury Department’s Office of Foreign Assets Control over its decision to sanction Tornado Cash. Coin Center Sues OFAC The Treasury’s Office of...

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Coin Center may challenge US Treasury's sanctions on Tornado Cash in court

“By treating autonomous code as a ‘person’ OFAC exceeds its statutory authority,” said Coin Center's Jerry Brito and Peter Van Valkenburgh.

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Coin Center Sues IRS For Unconstitutional Tax Reporting Rules

Coin Center, a Washington DC-based non-profit research and advocacy centre, has filed a lawsuit against the United States Treasury and the Internal Revenue Service (IRS) for a tax reporting requirement it wants to pass into law. (Read More)

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Crypto Think Tank Moves Court Challenging US Treasury’s Financial Surveillance

Washington-based crypto think tank Coin Center called a financial provision enshrined in the US treasury’s bill unconstitutional and has filed a lawsuit in a federal district court. The controversial rule required individuals and businesses who receive $10,000 or more in crypto to provide personal details of themselves as well as the contributors’ to the government. […]

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Treasury Pushes Global Crypto Reporting Rules in $3.5T Budget Bill

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Coin Center warns US policies could scare away crypto investors despite Trump win

Coin Center says that while a Trump administration will undoubtedly be positive for crypto, there are still several ongoing cases that could prove troublesome to investors and developers.

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Coin Center lawyers argue Tornado Cash is not property

The Coin Center lawsuit, first filed in 2022, noted that one plaintiff used Tornado Cash to protect his identity while donating money.

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U.S. Treasury Misunderstands DeFi AML Compliance Requirements: Coin Center

The U.S. Treasury believes that DeFi protocols are de facto non-compliant with AML regulations. Coin Center issued a report challenging that notion. Responding to the Treasurys Claims The U.S. Treasury...

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Crypto lobbyists still fighting to axe 'unlawful' Tornado Cash sanctions

The crypto industry advocacy group has placed its support behind Coin Center and its lawsuit against the U.S. Treasury over its Tornado Cash sanctions.

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