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Coinbase is funding a lawsuit against the US Treasury over the banning of Tornado Cash. A brief overview:
Tornado Cash is a website you should know if you're a decentralization buff. This is the most famous site that allows you to obfuscate the trail of transactions you normally leave on the blockchain.
Earlier, the United States placed Tornado Cash on a banned list, meaning that any US citizen that even visits the site can be arrested.
This had a ripple effect outside of the US, with hosts taking down their Tornado Cash frontends. What's more, many "decentralized" defi protocols began blacklisting addresses that had ever interacted with TC. These protocols included Aave. Github also closed the repository for TC, and a TC developer was arrested for really no reason. The Infura RPC, the RPC that serves as a chokepoint for the entire Ethereum network, stopped supporting the site. The developer wasn't in the US, nor is he a US citizen, by the way.
Now we've got Coinbase, led by perhaps the biggest sellout crypto has ever seen Brian Armstrong, funding the lawsuit against the US Treasury decrying its banning of Tornado Cash. What is up with the baldheaded raccoon?
Time will tell.
