FinCEN formally withdrew the 2020 "unhosted wallet" rule — records on self-custody transactions over $3,000, reports over $10,000 — plus its 2023 proposal to label international crypto mixing a primar

What happened: FinCEN withdrew its 2020 "unhosted wallet" proposal and a 2023 plan to label international crypto mixing a "primary money laundering concern," per notices filed Monday and set for Federal Register publication Tuesday. Key numbers: The 2020 rule would have required records on self-custody wallet transactions above $3,000 and reports on those above Why it matters: Coin Center celebrated the withdrawals, citing the White House's July 2025 digital asset report, but warned Treasury retains statutory authority to propose similar rules. FinCEN said it will keep monitoring mixers.

FinCEN withdrew its 2020 "unhosted wallet" proposal and a 2023 plan to label international crypto mixing a "primary money laundering concern," per notices filed Monday and set for Federal Register publication Tuesday.

Coin Center celebrated the withdrawals, citing the White House's July 2025 digital asset report, but warned Treasury retains statutory authority to propose similar rules. FinCEN said it will keep monitoring mixers.