To look at the US Government, it is the best of times and the worst of times for personal financial privacy.

On the one hand, in comments before the Senate Financial Services Committee, Treasury Secretary Steven Mnuchin says that FINCEN is planning more strict regulations around anti-money laundering and crypto.

Yet privacy advocates are also enthused by comments from Fed chair Jerome Powell, who suggested in Congress that any potential US digital dollar would need to be privacy preserving.