The US Treasury clarifies its guidance on Tornado Cash and provides a way for users to lawfully withdraw their funds by applying for a license (Brady Dale/Axios)

Colin Wilhelm / The Block:
DC-based policy nonprofit Coin Center sues the US Treasury Department, saying the treasury overstepped its authority by sanctioning Tornado Cash in August 2022  —  – The D.C.-based policy nonprofit sued the Treasury Department, saying it overstepped its authority when it sanctioned transaction mixer Tornado Cash in August.

Jeff John Roberts / Fortune:
Six people, including Coinbase employees and prominent crypto developers, sue the US Treasury, Janet Yellen, and officials in Texas over Tornado Cash sanctions  —  Six users of Tornado Cash, a popular decentralized cryptocurrency service, filed a lawsuit on Thursday against the U.S. Treasury Department …

Brady Dale / Axios:
A look at “Crypto Twitter”, which acts as a town hall where traders, investors, scammers, content creators, founders, and others connect, do business, and relax  —  Twitter is different for crypto than it is for other areas of interest.  To a certain extent …

Kyungji Cho / Bloomberg:
South Korea details more “abnormal” foreign exchange transactions, most related to crypto, bringing the total to $7.2B since June; 72% went to Hong Kong  —  South Korea confirmed more cases of “abnormal” foreign-exchange transactions, mostly related to cryptocurrencies, the nation’s financial watchdog said.

Manish Singh / TechCrunch:
The European Central Bank says that bitcoin is “rarely used for legal transactions” and is on the “road to irrelevance”, without citing any strong data points  —  European Central Bank officials alleged on Wednesday that bitcoin is “rarely used for legal transactions …

Jack Schickler / CoinDesk:
A Netherlands court finds Tornado Cash developer Alexey Perstev is a flight risk and must remain in jail until February 20, 2023; Perstev was jailed in August  —  Pertsev has been in Dutch prison since August, accused of facilitating money laundering for his work on the U.S. Treasury-sanctioned app.