US lawmakers have proposed a new bill that aims to temporarily prevent financial institutions from engaging in transactions involving funds that have been through crypto mixers.
The proposed legislation, called the Blockchain Integrity Act, seeks to impose a two-year moratorium on financial institutions from accepting funds routed through a mixer and withdrawing funds to known mixer addresses.
During this period, the bill mandates a comprehensive study by the Treasury Department, SEC, CFTC, and DOJ on digital asset mixers, privacy coins, and anonymity-enhancing technologies.
The bill aims to better understand the use of mixers for illicit purposes, prevent crypto-funded terrorism, and inform future policymaking.