Treasury & the Fed officially withdrew an old plan that could have tracked crypto transfers as small as $250 — the $3,000 threshold remains in place.
Facts: FinCEN (the U.S. Treasury Department) and the Federal Reserve Board jointly filed a notice of withdrawal on Nov. 6, 2026. It is scheduled to be published in the Federal Register on Nov. 9 and take effect immediately. What was withdrawn: the 2020 proposal to lower the recordkeeping/Travel Rule threshold for cross-border transfers from $3,000 to $250, while also clarifying that the rule applied to crypto. The current $3,000 threshold remains in effect, and both agencies said they would take no further action — any new final rule would first have to go through public comment.
My take: this isn’t just one proposal being scrapped — it’s the third piece in a series of U.S. regulatory rollbacks. FinCEN had already withdrawn its 2020 proposal on unhosted wallets and its 2023 proposal on crypto mixing reports. The pattern is consistent: Washington is easing, not tightening, oversight of crypto transfers. For the market, this removes one cloud of uncertainty — but don’t overstate it: the status quo is being preserved, not new freedoms granted. BTC is still moving sideways at around $75,844 after Thursday’s crash, so this news hasn’t become a price catalyst yet.
What I’m watching next: the official publication in the Federal Register on Nov. 9, then whether a replacement proposal with a different threshold emerges — plus U.S. CPI on Nov. 10 as the next major catalyst.
Do you think this series of rule withdrawals signals a more crypto-friendly direction for U.S. regulation, or is it just a pause before stricter new rules?
#RegulasiKripto #TravelRule $BTC
Facts: FinCEN (the U.S. Treasury Department) and the Federal Reserve Board jointly filed a notice of withdrawal on Nov. 6, 2026. It is scheduled to be published in the Federal Register on Nov. 9 and take effect immediately. What was withdrawn: the 2020 proposal to lower the recordkeeping/Travel Rule threshold for cross-border transfers from $3,000 to $250, while also clarifying that the rule applied to crypto. The current $3,000 threshold remains in effect, and both agencies said they would take no further action — any new final rule would first have to go through public comment.
My take: this isn’t just one proposal being scrapped — it’s the third piece in a series of U.S. regulatory rollbacks. FinCEN had already withdrawn its 2020 proposal on unhosted wallets and its 2023 proposal on crypto mixing reports. The pattern is consistent: Washington is easing, not tightening, oversight of crypto transfers. For the market, this removes one cloud of uncertainty — but don’t overstate it: the status quo is being preserved, not new freedoms granted. BTC is still moving sideways at around $75,844 after Thursday’s crash, so this news hasn’t become a price catalyst yet.
What I’m watching next: the official publication in the Federal Register on Nov. 9, then whether a replacement proposal with a different threshold emerges — plus U.S. CPI on Nov. 10 as the next major catalyst.
Do you think this series of rule withdrawals signals a more crypto-friendly direction for U.S. regulation, or is it just a pause before stricter new rules?
#RegulasiKripto #TravelRule $BTC