Coin Center lawyers appeal lawsuit, saying Tornado Cash is not "property"
2024-11-20 19:46:49
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 transaction. The district court must remove the word property from the statute." Mr. Hetzel said: "The government said on appeal that the software posted to the banned address was property, but that the software was non-proprietary code and could not be owned, controlled or altered in any way by anyone on the planet."
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 transaction. The district court must remove the word property from the statute." Mr. Hetzel said: "The government said on appeal that the software posted to the banned address was property, but that the software was non-proprietary code and could not be owned, controlled or altered in any way by anyone on the planet."
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2.
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A giant whale recharged 6131 ETH to Binance 1 hour ago, and would lose $606,000 if soldAccording to the chain analyst @ai_9684xtpa monitoring, in the past three days through two addresses at an average price of $1886 to build a position of 10030 ETH giant whale 1 hour ago to Binance recharge 6131 ETH (about 10.96 million dollars), if sold will lose 606,000 dollars; the remaining ETH is still in Spark, floating loss 317,000 dollars.
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