US Treasury Legitimizes Crypto Mixer Privacy: How a 32-Page Report Reversed Years of Enforcement Orthodoxy
Four years ago, the U.S. Treasury sanctioned Tornado Cash — a move that sent shockwaves through the crypto industry and effectively criminalized an entire category of privacy software. On March 9, 2026, that same department published a 32-page report to Congress acknowledging what privacy advocates have argued all along: crypto mixers serve legitimate purposes, and lawful users deserve financial privacy on public blockchains.
The reversal is not just symbolic. It rewrites the regulatory playbook for on-chain privacy and signals a new era where the government aims to distinguish between tools and the people who misuse them.