A group of five Democratic lawmakers in the United States has put forward a bill called the "Blockchain Integrity Act" in the House of Representatives, which aims to impose a temporary ban on the use of cryptocurrency mixers. If enacted, this legislation would penalize financial institutions with fines of up to $100,000 for dealing with funds associated with mixers. The proposed ban would last for a period of two years, allowing lawmakers time to gather information on the use and impact of mixers.

The crypto community has reacted strongly to this proposal, expressing frustration and skepticism. Many argue that while cryptocurrencies are being targeted for potential misuse, traditional fiat currencies like the U.S. dollar are also used for illicit activities such as financing terrorism. Critics see the focus on crypto mixers as a diversion from addressing broader systemic issues in the global financial system.

In another development, Binance, the world's largest cryptocurrency exchange, played a significant role in assisting law enforcement in the arrest of a suspect involved in the ZKasino scam. Following community concerns about the fraudulent gambling platform, Binance's Crime Compliance and Investigations team conducted thorough on-chain tracking and open-source intelligence analysis to identify the perpetrator behind the scam. They then provided this information to law enforcement authorities, leading to the arrest of the suspect by the Fiscal Information and Investigation Service (FIOD) on April 29. The FIOD seized assets worth over 11.4 million euros, including cryptocurrency, real estate, and luxury cars belonging to the suspect.

Additionally, collapsed cryptocurrency exchange FTX has announced plans to repay its creditors more than 100% of their claims, pending court approval. This move is part of the exchange's efforts to address the fallout from its collapse and ensure that affected parties are compensated fairly. The proposed repayment plan reflects FTX's commitment to fulfilling its financial obligations and rebuilding trust within the crypto community.