U.S. scraps proposed $10,000 reporting rule for for crypto sent to private wallets

60-second summary

FinCEN withdraws its two pending proposals, including the $10,000 reporting rule for crypto transferred to private wallets, ending years of uncertainty for self‑custody users and mixers. The agency cites regulatory overlap and industry feedback, so the lifted requirements remove a potential compliance burden, likely encouraging broader adoption of non‑custodial wallets while keeping overall market scrutiny unchanged.