FinCEN Withdraws Crypto Mixing and Self-Hosted Wallet Rules

The U.S. Treasury Department has abandoned two proposed crypto surveillance rules after years of industry opposition. FinCEN withdrew its 2023 crypto mixing proposal and a separate 2020 rule covering self-hosted wallets.  Significantly, regulators acknowledged concerns that broad requirements could discourage legitimate cryptocurrency activity and impose heavy compliance costs. Neither proposal became final, so the withdrawals […] Read The Full…