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The US Government's Mixed Signals on Digital Currency Privacy
As the Treasury Department prepares for more stringent AML enforcement around cryptos, the Fed says a digital dollar should preserve privacy.
Updated Sep 13, 2021, 12:17 p.m. Published Feb 13, 2020, 8:00 p.m.
To look at the U.S. government, it is the best of times and the worst of times for personal financial privacy.
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On the one hand, in comments before the Senate Financial Services Committee, Treasury Secretary Steven Mnuchin said his agency's Financial Crimes Enforcement Network, or FinCEN, is planning stricter regulations on anti-money laundering and crypto.
At the same time, the CEO of DropBit was arrested on money laundering charges around a bitcoin mixing service he allegedly ran between 2014 and 2017. In this new enforcement regime, one of the government’s major partners is Chainalysis, which has won more than $10 million in federal agency contracts since 2015.
Yet, privacy advocates are also surprisingly enthused by comments from Federal Reserve Chair Jerome Powell, who suggested in testimony to Congress that any potential U.S. digital dollar would need to preserve privacy.
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What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
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