The Treasury said individuals may use them to protect financial information they do not want visible on a public ledger.

Crypto News

The U.S. Treasury Department submitted a report to Congress examining the role of technology in countering illicit finance involving digital assets. The report was commissioned under directives tied to the GENIUS stablecoin regulatory framework. It included a formal acknowledgment that crypto mixers can serve legitimate purposes.

Mixers are tools that obscure the path of transactions on public blockchains. The Treasury said individuals may use them to protect financial information they do not want visible on a public ledger. That includes details about personal wealth, business payments, and charitable…