DC-based policy nonprofit Coin Center sues the US Treasury Department, saying the treasury overstepped its authority by sanctioning Tornado Cash in August 2022 (Colin Wilhelm/The Block)

Brady Dale / Axios:
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  —  New guidance from the U.S. Treasury Department’s Office of Foreign Assets Control provides a roadmap for people who used Tornado Cash for lawful transactions to withdraw their stuck funds.

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 …

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.

Josh Eidelson / Bloomberg:
Twitter has been sued in San Francisco federal court for conducting mass layoffs without providing the required notice of at least 60 days under the WARN Act  —  Twitter Inc. was sued over Elon Musk’s plan to eliminate about 3,700 jobs at the social-media platform — half of its workforce …

Colin Wilhelm / The Block:
The House Financial Services Committee plans a hearing on FTX’s collapse in December and invites Sam Bankman-Fried and other executives  —  – The House Financial Services Committee will hold a hearing on FTX in December.  — In a joint statement announcing the hearing, current Chair Maxine Waters …

Reuters:
Arm sues Qualcomm and its subsidiary Nuvia for using licenses without approval, asking Qualcomm to destroy designs developed under Nuvia’s agreements with Arm  —  Chip technology firm Arm Ltd, which is owned by Softbank Group Corp (9984.T), said on Wednesday it has sued Qualcomm Inc (QCOM.O) …