ABAB Pedia

Coin Center

Overview

Coin Center is a nonprofit policy research and advocacy organization based in Washington, D.C., focused on cryptocurrencies and decentralized computing technologies, including Bitcoin and Ethereum. Its work includes research, education for policymakers and the media, participation in regulatory proceedings, and litigation concerning digital civil liberties.⁠[1]

Contents15 sections
Key facts

Organization Founded

Website Launch and Institutional Mission

When launching its website, Coin Center described itself as an educational and research institution for blockchain technology, advocating freedom to innovate rather than representing a particular company, industry or currency. Brito outlined research, policy engagement and public education, while seeking a broader base of supporters.⁠[3]

Comments on Unhosted-Wallet Proposal

Coin Center submitted comments criticizing the short consultation period and additional recordkeeping requirements in FinCEN’s unhosted-wallet proposal. It argued that requiring financial institutions to record counterparty names and addresses for crypto transactions above $3,000 would impose a different standard from traditional payments and collect information about noncustomers.⁠[4]

Challenges Section 6050I Amendment

Coin Center announced litigation challenging the amendment to Internal Revenue Code Section 6050I in the 2021 infrastructure legislation. Its claims concerned reporting by direct counterparties and disclosure of donors’ identities, which it argued infringed privacy and freedom of association. These were the plaintiffs’ constitutional arguments.⁠[5]

Sues over Tornado Cash Sanctions

Coin Center and other plaintiffs sued over Treasury’s Tornado Cash sanctions, arguing that immutable smart contracts should be distinguished from sanctioned foreign persons or entities and that restrictions on privacy tools burdened private donations and association. Its announcement set out arguments concerning statutory authority, administrative procedure and associational freedom.⁠[6]

Comments on Mixing Proposal

Responding to FinCEN’s proposal to classify international convertible-virtual-currency mixing as a primary money-laundering concern, Coin Center argued that the definition was too broad and could capture legitimate privacy transactions. It questioned how institutions could establish transaction jurisdiction and called for clearer limits and procedural protections.⁠[7]

Announces Leadership Transition

Brito announced that he would step down as executive director at year-end and that Weisman would leave her senior policy counsel role, with both remaining directors. The announcement named Peter Van Valkenburgh as executive director from January 1, 2025; the website continued to list him in that role in October 2026.⁠[2][1]

Director Confirms End of Sanctions Litigation

Van Valkenburgh stated publicly that Coin Center’s court battle over the statutory authority behind the Tornado Cash sanctions had ended, thanking its co-plaintiffs. His statement concerned the organization’s sanctions challenge and did not establish the outcome of separate criminal proceedings involving developers.⁠[8][9]

Supports Noncustodial Developer Challenge

Coin Center discussed fellow Michael Lewellen’s Fifth Circuit case seeking clarity before launching Pharos, noncustodial crowdfunding software. The organization argued that a Justice Department memo on enforcement priorities could not replace judicial clarification of money-transmission law. The case was at the appeal stage discussed in the article.⁠[9]

FinCEN Announces Two Proposal Withdrawals

FinCEN announced the withdrawal of its 2020 unhosted-wallet proposal and its 2023 convertible-virtual-currency mixing proposal. The two withdrawal notices identify October 6 as their Federal Register publication date. Coin Center welcomed the announcement as a financial-privacy victory. The action concerned proposed rules, not the repeal of all existing anti-money-laundering obligations.⁠[10][11][12][13]

Discusses Forked-Asset Tax Dispute

Policy director Jason Somensatto discussed Benjamin Rogovy’s tax case and whether possession of private keys alone established taxable receipt of forked assets that the holder had not affirmatively claimed. Coin Center argued that control, acceptance and technical barriers also mattered. The article awaited the court’s outcome rather than reporting a final decision adopting its position.⁠[14]

Open Networks and Financial Privacy

Coin Center emphasizes the rights to write, publish, read and run code and to participate privately in peer-to-peer networks. Its unhosted-wallet comments distinguish financial institutions’ customers from counterparties who have not voluntarily supplied information to those institutions, explaining its objection to expanding financial reporting.⁠[1][4]

Website and Public Accounts

Coin Center: Official website: https://coincenter.org/ (opens in a new window).⁠[1]

Coin Center: Official account: https://x.com/coincenter (opens in a new window).⁠[1]

Sources

  1. About Coin Center (opens in a new window)
  2. Some Personal News… (opens in a new window)
  3. Coin Center takes off: Who we are and what we do (opens in a new window)
  4. Comments to FinCEN on Certain Convertible Virtual Currency Transactions (opens in a new window)
  5. Coin Center has filed a court challenge against the Treasury Dept. over unconstitutional financial surveillance (opens in a new window)
  6. Coin Center is suing OFAC over its Tornado Cash sanction (opens in a new window)
  7. Comments to FinCEN on Convertible Virtual Currency Mixing (opens in a new window)
  8. Statement on the end of Coin Center’s Tornado Cash sanctions litigation (opens in a new window)
  9. A thin DOJ policy memo is no substitute for legal protection (opens in a new window)
  10. FinCEN Announces Withdrawals of Proposed Digital Asset Related Rules (opens in a new window)
  11. Requirements for Certain Transactions Involving Convertible Virtual Currency or Digital Assets; Withdrawal (opens in a new window)
  12. Convertible Virtual Currency Mixing; Withdrawal of Finding and Proposed Rulemaking (opens in a new window)
  13. Treasury just withdrew crypto surveillance rule proposals long opposed by Coin Center (opens in a new window)
  14. A tax case every self-custody holder should monitor (opens in a new window)
  15. Coin Center — Company Profile (opens in a new window)