Deep Tide TechFlow News, on July 8, according to Cointelegraph, the U.S. Court of Appeals for the Eleventh Circuit has rejected a lawsuit by the cryptocurrency advocacy group Coin Center against the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) regarding sanctions imposed on the mixing service Tornado Cash in 2022. This move effectively ends Coin Center's legal challenge against the Treasury's OFAC.

Coin Center Executive Director Peter Van Valkenburgh stated that this marks the official end of their courtroom battle regarding the legal authority of Tornado Cash sanctions, saying "the government is unwilling to continue defending its overreach in interpreting the sanctions laws."