FinCEN is withdrawing its never-implemented crypto-mixing reporting proposal. The definition reached beyond dedicated mixers. Existing AML duties still apply to covered crypto transmitters. Reporting by @akibablade.

FinCEN is withdrawing its mixer-reporting proposal. Roman Storm’s case continues. DOJ is asking a judge to keep two conspiracy counts in New York. His retrial is scheduled for April 26, 2027. Reporting by @akibablade.

FinCEN just killed two of its worst crypto proposals. The 2020 unhosted-wallet rule is dead. Exchanges would have had to ID you and keep records to send more than $3,000 to your own wallet, and report anything over $10,000. The 2023 mixer rule is dead too. It branded international mixing a "primary money laundering concern." FinCEN pulled it after warnings it would chill legitimate activity. Privacy is finally being treated as a normal feature instead of an automatic crime.

🚨UPDATE: FinCEN is dropping two long-running crypto reporting proposals. The withdrawn rules targeted transactions involving self-custody wallets and crypto mixers with additional reporting requirements. The decision means the proposed requirements for self-custody wallet transfers and the separate reporting framework for crypto mixers will not take effect under these rules.