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Coin Center is appealing a previous ruling by the U.S. District Court for the District of North Florida, which ruled that Tornado Cash created indirect benefits for foreign individuals and entities, which can be defined as financial interests sanctioned by the Office of Foreign Assets Control (OFAC). Jeffrey S. Hetzel, legal counsel at Coin Center, told the 11th Circuit Court of Appeals: "The easiest way to resolve this case is to find that there was no foreign property in the plaintiff's transa...
According to Cointelegraph, Florida Chief Financial Officer Jimmy Patronis said that institutions that want to manage the state's retirement funds are considering investing in bitcoin, becoming the third state to use retirement funds to invest in bitcoin.
Kendrick Meek, a former representative of the Florida House of Representatives, has joined the board of cryptocurrency exchange Coinbase to address digital asset regulation. Additionally, Stephanie Murphy, Tim Ryan, and Pat Toomey, all former U.S. lawmakers, are members of the committee advising on Coinbase's regulatory matters.
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