FinCEN formally withdrew two proposals in October 2026 that would have expanded reporting requirements for transactions involving self-controlled crypto wallets and international cryptocurrency mixing. The wallet proposal originated under Trump's first administration in December 2020, while the mixing proposal began under Biden in October 2023. Neither proposal took effect, and existing financial-crime obligations remain in force. FinCEN acknowledged that the mixing proposal could discourage legitimate activity and impose significant reporting burdens, but retained the possibility of future action. Coin Center welcomed the withdrawals as a major privacy victory. The reversal also raises a conflict-of-interest concern because Trump's family made an estimated $2.3 billion in pretax crypto profits between late 2024 and April 2026, although that does not establish that the withdrawals were intended to enrich the family.