Brendan Harrington

Brendan Harrington

Mayer Brown

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Federal Appeals Court Tosses OFAC Sanctions on Tornado Cash and Limits Federal Government’s Ability to Police Crypto Transactions

On November 26, 2024, the United States Court of Appeals for the Fifth Circuit issued a landmark decision holding that the Treasury Department’s Office of Foreign Assets Control (“OFAC”) exceeded its statutory authority by...more

12/10/2024  /  Chevron Deference , Cryptocurrency , Digital Assets , Economic Sanctions , International Emergency Economic Powers Act (IEEPA) , Office of Foreign Assets Control (OFAC) , Regulatory Authority , Statutory Authority
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