FinCEN just pulled back two massive crypto surveillance proposals:
1. The $10K reporting rule for private/unhosted wallets — DEAD
2. Mixer designation as a "special concern" — SCRAPPED
This is huge. No more forced KYC on your self-custody wallet txns. No automatic red flags on mixer usage.
Bullish for privacy, self-custody, and the entire DeFi stack. Regulatory headwinds easing up.
The macro shift is real. Institutions are watching.
1. The $10K reporting rule for private/unhosted wallets — DEAD
2. Mixer designation as a "special concern" — SCRAPPED
This is huge. No more forced KYC on your self-custody wallet txns. No automatic red flags on mixer usage.
Bullish for privacy, self-custody, and the entire DeFi stack. Regulatory headwinds easing up.
The macro shift is real. Institutions are watching.