US Treasury
U.S. Treasury report proposes AI, digital ID pillars for crypto compliance; endorses lawful mixer privacy
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The U.S. Treasury Department submitted a report to Congress on March 9, 2026—commissioned under the GENIUS Act—outlining four technological pillars to enhance transparency in cryptocurrency transactions: artificial intelligence for monitoring, digital identity for onboarding, blockchain analytics for tracing, and interoperable data-sharing APIs. It describes digital assets as key to U.S. innovation leadership while acknowledging lawful users' need for privacy tools like mixers on public blockchains, amid risks from illicit exploitation.
Bitcoin declined sharply as tensions between the US and Iran escalated with reported strikes. The drop triggered widespread liquidations across crypto markets.
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The United States has seized about $1 billion worth of cryptocurrency tied to Iran, Treasury Secretary Scott Bessent said.