On the recordMay 22, 2024
We have got all of these mixers that are used. Why were they not included in there? I don't know. I know why the crypto industry doesn't want them included in there, because they are profiting from people who are using these illicit services. The largest cryptocurrency exchange that stands to benefit from this regime helped to finance a legal challenge to the Treasury Department's case against Tornado Cash, which was the largest asset mixer in the world. This is a bad bill. It fails to address known problems. What it does do, however, is make the United States safer for drug traffickers, for terrorist funders, for child and drug traffickers, and for those who buy and sell child pornography. I did not know those groups had such advocates in Congress, but I am proud to oppose them and encourage all my colleagues to do the same. Mr. McHENRY. Mr. Chair, I yield 2 minutes to the gentleman from South Dakota (Mr. Johnson), my good friend and the chair of the Commodity Markets, Digital Assets, and Rural Development Subcommittee of the Agriculture Committee.
