This bill imposes a significant restriction on privacy-enhancing crypto technologies by implementing a 2-year moratorium on financial institutions interacting with digital asset mixers, with penalties for non-compliance. This action effectively debanks users of such services, directly hindering legitimate crypto activity and user privacy. While the bill calls for a study into both illicit and legitimate uses, the detailed enumeration of illicit activities and enforcement capabilities, alongside the immediate moratorium, strongly frames privacy tools as primarily associated with crime. The broad definitions of "digital asset mixer" and "privacy coin" further create regulatory uncertainty and expand the scope of affected technologies. This initiative increases state control and surveillance potential over crypto transactions and contributes to a negative perception of privacy in the digital asset space, without offering enabling regulatory clarity for compliant innovation.