Crypto Exchange Targets Treasury Sanctions in National Security Clash

Coinbase, the largest U.S.-based cryptocurrency exchange, is bankrolling a lawsuit against the Treasury Department challenging its decision to sanction a program that allowed North Korean hackers and other illicit actors to launder billions of dollars’ worth of digital tokens.

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“Both sides are raising valid concerns not yet settled in law and policy because of the newness of how these technologies are being used and the newness of the policy response,” said Emily Kilcrease, a senior fellow at the Center for a New American Security.

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