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FinCEN Withdraws $10,000 Crypto Wallet Reporting Rule, Born Under Trump 1.0, Killed Under Trump 2.0
CryptoDnes·October 8, 2026·1 min read
FinCEN has withdrawn its 2020 proposal requiring banks and crypto exchanges to report transfers above $10,000 to and from self-custodied wallets, along with a 2023 crypto mixer rule. Neither rule ever took effect. The withdrawal marks a regulatory shift under the current administration.
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