Treasury’s GENIUS Act Report Backs Mixers, But Wants a New ‘Hold Law’ For Crypto
The U.S. Treasury's GENIUS Act report acknowledges the legitimate privacy benefits of cryptocurrency mixers for lawful users, such as protecting personal or business transactions. However, it highlights the misuse of these tools by illicit actors like North Korean cyber units and ransomware groups to launder funds. To address this, the report proposes a new "digital-asset-specific hold law" that would allow regulated platforms to temporarily freeze suspicious transactions, giving law enforcement time to act without disrupting legitimate privacy-focused usage. The report is part of a broader effort to balance financial innovation and security under the GENIUS Act framework.
bitcoinist03/09 16:32
