The US Treasury reported to Congress that Bitcoin and crypto privacy mixers are not unlawful.

It further added that “Lawful Digital Asset Users” could use mixers to enable greater privacy.

The statement is being seen as a precursor to unbanning Bitcoin mixers. The U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) has banned certain Bitcoin mixers, such as Tornado Cash (in August 2022).

It also provides a key regulatory clarity for privacy tokens like ZCash and Monero.

Further, as Ethereum proposes shielded accounts to enhance privacy, it could provide legal clarity on the same.

Source: https://bfmtimes.com/trump-likely-to-un-ban-bitcoin-mixers/

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