Trump admin just dropped something massive for crypto privacy
"The Trump Administration supports the ability of lawful users of digital assets to privately transact on a public blockchain"
FinCEN is WITHDRAWING the proposed rule from Oct 2023 that would've classified international crypto mixing as a primary money laundering concern
They're literally acknowledging that mixers aren't just for criminals - lawful users need them for financial privacy on public blockchains
Yes, bad actors use mixers. But FinCEN admitted the original proposal's definition was too broad and would've killed legitimate activity while dumping insane reporting burdens on institutions
This is a complete 180 from the previous admin's war on privacy tools. Tornado Cash devs watching this closely
Privacy isn't a crime. This might actually stick
"The Trump Administration supports the ability of lawful users of digital assets to privately transact on a public blockchain"
FinCEN is WITHDRAWING the proposed rule from Oct 2023 that would've classified international crypto mixing as a primary money laundering concern
They're literally acknowledging that mixers aren't just for criminals - lawful users need them for financial privacy on public blockchains
Yes, bad actors use mixers. But FinCEN admitted the original proposal's definition was too broad and would've killed legitimate activity while dumping insane reporting burdens on institutions
This is a complete 180 from the previous admin's war on privacy tools. Tornado Cash devs watching this closely
Privacy isn't a crime. This might actually stick