While the Trump administration continues to lean into the idea of making the U.S. the “crypto capital of the world,” Europe appears to be taking the opposite approach, continuing to crack down on the industry.

Just a week after the European Central Bank (ECB) called stablecoins a risk to financial stability, Europol - the European Union’s law enforcement agency - announced the shutdown of Cryptomixer, a decentralized finance (DeFi) mixing protocol.

Europol claims that Cryptomixer is “suspected of facilitating cybercrime and money laundering” in a move reminiscent of the Tornado Cash shutdown. In August, Tornado Cash developer Roman Storm was found guilty of felonious money laundering, even though Storm simply built Tornado Cash and did not launder any money himself.

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