THE BLOCK · 2026-11-06 20:37 UTC

US Treasury walks back crypto surveillance 'travel rule' proposal

FinCEN and the Federal Reserve Board rescinded the 2020 proposed Travel Rule, which would have lowered the crypto transaction information threshold from $3,000 to $250. FinCEN cited the more than five years since the proposal, changes in the crypto industry, and the need for additional public input. Coin Center welcomed the withdrawal, following the earlier withdrawal of proposed unhosted wallet and crypto mixing rules, while the Crypto Council for Innovation CEO called it the right call.

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