The U.S. Department of the Treasury has submitted a 32-page report to Congress as required by the GENIUS Act, highlighting two key points:

1. Acknowledgment of crypto mixers for privacy protection
- Users can utilize these tools to safeguard personal asset information, commercial payments, or sensitive data such as charitable donations.
- This marks a significant shift from the agency's previous stance, which sanctioned Tornado Cash in 2022 and labeled crypto mixing platforms as money laundering centers in 2023.
- However, the negative aspect remains serious, as North Korean hackers have used mixers to launder at least $2.8 billion in crypto from January 2024 to September 2025.

2. Proposal for crypto exchanges to temporarily freeze suspicious assets
- Currently, exchanges can detect unusual transactions and freeze them, but they face the risk of legal repercussions.
- If Congress passes this law, exchanges will have the legal authority to temporarily freeze questionable assets while awaiting regulatory action.
- A challenge remains, as exchanges must notify customers when freezing assets but cannot disclose the reasons due to investigation confidentiality rules.

Overall, this is a positive signal for the industry as the regulatory framework in the U.S. becomes clearer. Many experts believe these proposals will serve as important tools in combating crypto fraud and money laundering in the future.$BTC