Share this article
Secret Service Calls for 'Congressional Attention' on Privacy Cryptos
An official for the U.S. Secret Service has called on Congress to consider legislative action over privacy-enhancing cryptocurrencies.
By Muyao Shen
Updated Dec 10, 2022, 3:12 p.m. Published Jun 26, 2018, 2:10 a.m.
An official for the U.S. Secret Service last week called on Congress to weigh potential legislative action on cryptocurrencies that boast privacy-enhancing features.
Speaking before the U.S. House of Representatives Committee on Financial Services, Robert Novy, deputy assistant director for the Service's Office of Investigations, stated that "congressional attention" on the issue is needed.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
"We should also consider additional legislative or regulatory actions to address potential challenges related to anonymity-enhanced cryptocurrencies, services intended to obscure transactions on blockchains (i.e. cryptocurrency tumblers or mixers) and cryptocurrency mining pools," Novy said, according to published testimonyhttps://financialservices.house.gov/uploadedfiles/hhrg-115-ba01-wstate-rnovy-20180620.pdf.
While Novy didn't mention any specific privacy-focused coins, but U.S. officials have raised concerns in the past. In January of last year, Joseph Battaglia, a special agent working at the FBI's Cyber Division in New York City, cited the cryptocurrency monero as one that has other officials concerned.
Given the slow pace of proceedings in the U.S. national legislature, it's not likely that lawmakers would move toward any concrete steps anytime soon. Even still, Novy asked that they keep the issue in mind moving ahead.
"As such, continued Congressional attention is warranted to ensure law enforcement agencies maintain lawful access to critical sources of evidence, regardless of where, or in what form, that information is stored," he stated.
Capitol building image via Shutterstock
More For You
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.
Di più per voi
XRP Faces Downside Risk as Social Sentiment Turns Wildly Negative
The turn in crowd mood comes after a two-month slide of roughly 31%, leaving the token vulnerable to further downside if risk appetite weakens across majors.
Cosa sapere:
- XRP's price approached the $2 mark as social sentiment around the token turned sharply negative, according to Santiment data.
- The token has experienced a 31% decline over two months, making it vulnerable to further losses if market risk appetite weakens.
- Santiment's sentiment model indicates XRP is in a 'fear zone,' where negative commentary significantly outweighs positive talk, potentially influencing market positioning.
Top Stories
