Six people, including Coinbase employees and prominent crypto developers, sue the US Treasury, Janet Yellen, and officials in Texas over Tornado Cash sanctions (Jeff John Roberts/Fortune)

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.

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:
DeFi startup Uniswap Labs, which runs a decentralized exchange, raised a $165M Series B led by Polychain and plans to build an NFT aggregator  —  Uniswap Labs on Thursday announced a $165 million Series B funding round, led by Polychain Capital, that values the company at $1.66 billion.

Kollen Post / The Block:
Crypto exchange Bittrex agrees to a $29.3M settlement with the US Treasury Department over potential liability for sanctions violations between 2014 and 2017  —  – Bittrex is facing record fines from the U.S. Treasury Department over the exchange’s lack of sanctions controls between 2014 and 2017.

Jeff John Roberts / Fortune:
Brian Armstrong’s “Coin: A Founder’s Story”, a documentary commissioned to show the “good, bad, and ugly”, feels like a hagiography to reset his narrative  —  Pass the popcorn.  Coinbase CEO Brian Armstrong just announced a new film titled Coin …

Foo Yun Chee / Reuters:
The European Commission announces the AI Liability Directive, seeking to make it easier to sue makers of AI-based drones, robots, and other products  —  The European Commission on Wednesday proposed rules making it easier for individuals and companies to sue makers of drones …