🚨 Legal Challenge: The U.S. cryptocurrency lobby group Blockchain Association submits an amicus brief opposing the U.S. Treasury's Tornado Cash sanctions, asserting that the sanctions exceed legal authority and suggesting sanctions should target malicious actors misusing open source. The brief is part of an appeal lawsuit filed by six Coinbase employees challenging a court ruling justifying the Treasury Department's sanctions against Tornado Cash. 🏛️💻 #BlockchainAssociation #TornadoCash #CryptoLegalBattle

🇺🇸 Blockchain Association CEO Kristin Smith warns against the potential detrimental impact of the Cryptocurrency National Security Enhancement Act and Digital Asset Anti-Money Laundering Act, stating they may hinder innovation, making it challenging for law enforcement to address concerns effectively. Emphasizes the risk of stifling the U.S. crypto industry and the importance of avoiding authoritarian blockchain regulations. #CryptoRegulationConcerns #BlockchainAssociation 🚫🔗