🚨 BIG WIN FOR CRYPTO PRIVACY?
🇺🇸 FinCEN has withdrawn two proposed rules targeting self-custody wallets and crypto mixers.
The proposals would have introduced tougher requirements around transactions involving unhosted wallets, including identity reporting for transfers above $10,000, while also increasing scrutiny on crypto mixing services.
Now, those rules are off the table. 🚫
The move aligns with the Trump administration’s broader deregulation push and has been welcomed by the Crypto Council for Innovation, which says the decision avoids unnecessary restrictions on self-hosted wallets and recognizes legitimate uses of privacy-focused tools.
🔐 Self-custody remains in the spotlight.
For the crypto industry, this could be another signal that the U.S. is shifting toward a more innovation-friendly regulatory approach.
Bullish for crypto freedom? 👀
NFA. DYOR.
🇺🇸 FinCEN has withdrawn two proposed rules targeting self-custody wallets and crypto mixers.
The proposals would have introduced tougher requirements around transactions involving unhosted wallets, including identity reporting for transfers above $10,000, while also increasing scrutiny on crypto mixing services.
Now, those rules are off the table. 🚫
The move aligns with the Trump administration’s broader deregulation push and has been welcomed by the Crypto Council for Innovation, which says the decision avoids unnecessary restrictions on self-hosted wallets and recognizes legitimate uses of privacy-focused tools.
🔐 Self-custody remains in the spotlight.
For the crypto industry, this could be another signal that the U.S. is shifting toward a more innovation-friendly regulatory approach.
Bullish for crypto freedom? 👀
NFA. DYOR.