Description
Van Loon sues the TREA arguing that Tornado Cash is code (not an entity), and therefore cannot be sanctioned. Plaintiffs appeal the District Court Decision linked here, claiming that the district court erred by concluding that the Department satisfied three of the requirements for a designation under IEEPA and the North Korea Act.
Legal Significance
Is Tornado Cash a corporation subject to sanctions, or is it an ownerless computer code that cannot be sanctioned?
Issues
Status
Appeal
Case No.
23-50669 No., 1:23-cv-312-RP
Date Filed
September 20, 2023
Plaintiff
Joseph Van LoonTyler AlmeidaAlexander FisherPreston Van LoonKevin Vitale
Defendant
Department of the TreasuryOffice of Foreign Assets ControlJanet YellenAndrea M. Gacki
Court
Appellate - 5th Circuit
Plaintiff Counsel
Parker Bunt & Ainsworth PCPaul Weiss Rifkind Wharton & Garrison LLP
Defendant Counsel
Christine L. CoogleStephen J. ElliottChristopher R. HealyLiane Ngin Noble-AUSA
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