Ethereum co-founder Vitalik Buterin donated 320 ether — worth over $1 million — to crypto think tank Coin Center on Tuesday night, according to blockchain data.
Buterin’s donation came mere hours after a U.S. appeals court overturned U.S. sanctions against embattled crypto mixing service Tornado Cash, ruling that Tornado Cash’s smart contracts “are not the property of a foreign national or entity” and thus cannot be blocked under the International Emergency Economic Powers Act (IEEPA). By imposing sanctions on Tornado Cash, the Treasury Department’s Office of Foreign Asset Control (OFAC) “overstepped its congressionally defined authority,” the court ruled.
Read more: Tornado Cash Sanctions Overturned by U.S. Appeals Court
Coin Center has been a key player in the crypto industry’s fight against the U.S. government’s sanctions against Tornado Cash. OFAC sanctioned Tornado Cash in August 2022, claiming it helped to launder more than $7 billion in cryptocurrency, inclu
Go to Source to See Full Article
Author: Cheyenne Ligon
