Economic, Security, and Trust Impact for the United States, Based on SEC, CFTC, FTC, FBI, and FinCEN Records

Are the floodgates to illicit finance opening?

The U.S. Treasury's Financial Crimes Enforcement Network (FinCEN) has withdrawn its proposal for a rule that would require financial institutions to report on

Après six ans d’attente, FinCEN a officiellement retiré sa proposition de 2020 visant à imposer la déclaration des transferts de plus de 10 000 dollars entre portefeuilles privés et des échanges. Elle a également abandonné une proposition de 2023 concernant les mélangeurs de crypto-monnaies. Ces mes

Two FinCEN crypto proposals withdrawn after 3,190 days, a CFTC "market-structure rulemaking" that arrived as an advance notice, and a lawsuit against the one final rule. Seven live crypto rulemakings, sorted by stage.

Le FinCEN a retiré simultanément la proposition de 2020 ciblant les portefeuilles non hébergés et celle de 2023 visant les transactions de mixage crypto, sans qu’aucune ne soit jamais entrée en vigueur. Cette décision a été relayée par le média Cryptonaute.

Debanking isn’t new — and, according to one study, it’s government debanking that’s the bigger problem.

FinCEN withdrew two proposals that had hung over self-custody and crypto mixers for years without ever taking effect.

FinCEN withdrew proposed rules on unhosted wallets and crypto mixers, easing immediate compliance concerns while leaving questions about future U.S. digital asset regulation unresolved for the industry.

References U.S. scraps proposed $10000 reporting rule for for crypto ... (2026-10-06) U.S. Drops Proposed USD 10,000 Reporting Rule for

WASHINGTON, DC – The Financial Crimes Enforcement Network (FinCEN) today imposed a $10 million civil money penalty against Trump Taj Mahal Casino Resort (Trump Taj Mahal), for willful and repeated violations of the Bank Secrecy Act (BSA).

FinCEN withdrew two proposals that had hung over self-custody and crypto mixers for years without ever taking effect.

FinCEN withdrew two proposals that had hung over self-custody and crypto mixers for years without ever taking effect.

On September 2, 2026, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) reissued its Geographic Targeting Order...

FinCEN has withdrawn two proposed digital asset rules concerning unhosted wallet transactions and convertible virtual currency mixing. These proposals had been pending for years and would have introduced new reporting and recordkeeping obligations for financial institutions. The withdrawal means these specific proposals will not be implemented in their current form. However, existing Anti-Money Laundering (AML) and Know Your Customer (KYC) rules still apply to regulated cryptocurrency businesses. FinCEN considered public comments received before deciding to withdraw the proposals. The agency stated this move is part of an effort to improve digital asset regulation. While financial surveillance has not been eliminated, these particular rule proposals are no longer progressing. Regulated entities like exchanges and banks must continue to adhere to current AML and sanctions regulations. The withdrawal removes two sources of criticism regarding privacy and implementation of the proposed rules. This provides the industry with a clearer policy landscape. FinCEN or Congress could still address these issues through future rulemaking. For now, the termination of these pending proposals represents a significant procedural change. Companies can now adjust their planning, no longer needing to prepare for these specific reporting frameworks.

The Tornado Cash founder hit back in a tweet, noting FinCEN withdrew a proposed mixer rule over concerns it could chill legitimate activity.