U.S. Treasury Withdraws Proposed Rules Targeting Self-Custody Crypto Wallets

Added on October 6, 2026

Regulatory Update: FinCEN withdrew two proposed crypto rules on October 5, 2026. The 2020 self-custody wallet rule would have required recordkeeping above $3,000 and reporting above $10,000 for external-wallet transactions. The 2023 crypto mixing rule would have imposed special reporting on international CVC mixing, including transaction hashes, IP addresses, and customer data. FinCEN cited the Trump administration’s deregulatory agenda. Existing Bank Secrecy Act, AML, and sanctions requirements for regulated financial institutions still apply. The withdrawals mean the specific reporting frameworks in both proposals will not move forward. Read more on CoinRab.

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