🔈 U.S. DROPS PROPOSED CRYPTO PRIVACY RULES 💥 FinCEN has withdrawn two long-standing proposals targeting self-custody wallets and crypto mixing services, marking a notable shift toward a less restrictive approach to on-chain privacy. 👑 Key Updates: ✔️ FinCEN withdrew its 2020 unhosted wallet proposal, which would have required financial institutions to collect and report information on certain transactions involving self-custodial wallets. ✔️ The agency also withdrew its 2023 crypto mixer proposal, which sought stricter reporting requirements for transactions involving mixing services. ✔️ Both proposals were never finalized, so the withdrawal does not change existing crypto compliance obligations for U.S. financial institutions. 📌 Why it matters: The move signals a growing focus on balancing AML enforcement with self-custody and legitimate financial privacy in the U.S. crypto industry.