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US lawmakers introduce bill to suspend crypto mixer transactions

  • 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.

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