【U.S. regulators suddenly withdraw two rules—is self-custody about to get easier? 😱🔓】
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On Monday, the U.S. Treasury’s anti-money laundering agency issued a notice. Two crypto rules that had been in the works for years were suddenly withdrawn. One targeted self-custody wallets, the other mixers. The news spread through the crypto world, and the comments section quickly lit up. Many longtime users said privacy could finally breathe a sigh of relief. 🙌
First, the rule on mixers. It was proposed in October 2023 and would have subjected mixer services to strict oversight. Exchanges would also have had to report a huge amount of information. The other rule was proposed earlier, in December 2020. It focused on verifying and reporting transactions involving self-custody wallets. 📋
The official explanation this time is thought-provoking. The agency said these rules could scare off legitimate users and impose a massive reporting burden on institutions. So it decided to drop them. The notice also mentioned that rules should be better suited to real-world conditions. The tone was mild, but the implications are significant. ⚖️
This didn’t happen in isolation. On the same day, the CFTC announced it would make its own rules using the statutory authority it already has, because Congress’s market structure bill is stalled. Several agencies are now going their separate ways. The regulatory winds around crypto really do seem to be shifting quietly. 🧭
For everyday users, the signal is clear: scrutiny of people who custody their own assets is easing. Privacy tools are no longer being written off wholesale, either. But don’t pop the champagne just yet. Only proposed rules were withdrawn this time. The enforcement arm has never really let up. 🔍
Look at it another way: the winds can change very quickly. Rules withdrawn today could be brought back tomorrow. What the crypto world fears most is this kind of back-and-forth. The power to switch the rules on and off is still in someone else’s hands. No matter how private your wallet is, you still have to watch what they do. That’s what’s really worth thinking about. 💡
📌 In a nutshell: withdrawing rules doesn’t mean regulators are backing off. If you self-custody, you still need to stay vigilant.
Are your coins in your own wallet or on an exchange? Let’s talk in the comments.
#美联储10月维持利率概率升至82.3% #以太坊Q3涨70%流动性下降
Group chat: ⚖️ 加入X先生的粉丝群聊
On Monday, the U.S. Treasury’s anti-money laundering agency issued a notice. Two crypto rules that had been in the works for years were suddenly withdrawn. One targeted self-custody wallets, the other mixers. The news spread through the crypto world, and the comments section quickly lit up. Many longtime users said privacy could finally breathe a sigh of relief. 🙌
First, the rule on mixers. It was proposed in October 2023 and would have subjected mixer services to strict oversight. Exchanges would also have had to report a huge amount of information. The other rule was proposed earlier, in December 2020. It focused on verifying and reporting transactions involving self-custody wallets. 📋
The official explanation this time is thought-provoking. The agency said these rules could scare off legitimate users and impose a massive reporting burden on institutions. So it decided to drop them. The notice also mentioned that rules should be better suited to real-world conditions. The tone was mild, but the implications are significant. ⚖️
This didn’t happen in isolation. On the same day, the CFTC announced it would make its own rules using the statutory authority it already has, because Congress’s market structure bill is stalled. Several agencies are now going their separate ways. The regulatory winds around crypto really do seem to be shifting quietly. 🧭
For everyday users, the signal is clear: scrutiny of people who custody their own assets is easing. Privacy tools are no longer being written off wholesale, either. But don’t pop the champagne just yet. Only proposed rules were withdrawn this time. The enforcement arm has never really let up. 🔍
Look at it another way: the winds can change very quickly. Rules withdrawn today could be brought back tomorrow. What the crypto world fears most is this kind of back-and-forth. The power to switch the rules on and off is still in someone else’s hands. No matter how private your wallet is, you still have to watch what they do. That’s what’s really worth thinking about. 💡
📌 In a nutshell: withdrawing rules doesn’t mean regulators are backing off. If you self-custody, you still need to stay vigilant.
Are your coins in your own wallet or on an exchange? Let’s talk in the comments.
#美联储10月维持利率概率升至82.3% #以太坊Q3涨70%流动性下降
