US Treasury acknowledges legality of crypto mixers for financial privacy.

The US Treasury has submitted a report to Congress, acknowledging the legality of using crypto mixers to protect financial privacy.

In 2022 and 2023, the department labeled mixers as money laundering hubs and imposed sanctions against Tornado Cash. Now, the ministry has noted that law-abiding users need mixers to conceal data about personal savings, business payments, or donations.

Criminal use of such services remains a…