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FollowingThe U.S. Treasury Department withdraws cryptocurrency regulation proposal, and industry wins privacy protection victory
The U.S. Treasury Department has officially withdrawn two proposed regulations aimed at strengthening surveillance in the cryptocurrency sector. The move marks a major shift in federal regulatory policy and has been highly praised by digital asset industry advocates.
FinCEN withdraws decision and industry response
On Monday, the Financial Crimes Enforcement Network (FinCEN) filed a notice announcing the termination of the 2020 rule for "unmanaged wallets" and a separate proposal for international cryptocurrency hybrid services in 2023. Both withdrawals will be announced in the Federal Register on Tuesday.
Privacy advocates and crypto groups were quick to welcome the reversal. Coin Center, a Washington-based digital asset policy group, described the move as a "major victory for financial privacy." Previously, the definition of "mixed currency" in the proposal was too broad, including regular privacy techniques used by ordinary cryptocurrency holders into the scope of supervision. The Coin Center pointed out that because FinCEN has difficulty clearly defining the nature of such transactions, prudent financial institutions may report even domestic activity, which can lead to innocent users 'accounts being frozen or closed, with unintended effects.
If the "Un-Managed Wallet" rule is implemented, banks and other financial institutions will be required to report cryptocurrency transactions exceeding US$3,000 and US$10,000 by customers in wallets hosted on non-exchange platforms.
Impact Analysis of the Mixed Currency Proposal
针对加密货币混币服务的计划原本会影响广泛的活动范围。该提案将“混币”定义为任何隐藏加密货币交易来源、目的地或价值的行为，包括资金池化、拆分转账、使用一次性钱包甚至资产互换。FinCEN收到的评论警告称，如此广泛的定义可能会损害合法用户的利益，并使机构面临繁重的监管申报负担。
根据这些拟议的变更，金融机构需要报告大量敏感信息，包括钱包地址、交易哈希值、IP地址以及识别客户的详细信息。
市场观察人士指出，实时跟踪资产流动和投资者行为仍然至关重要，尤其是在像模因代币（Meme Tokens）这样快速演变的领域。在此背景下，最近涉及代币“Niu Lai”的一笔交易展示了模因代币市场的剧烈波动：初始99美元的投资最终增值至约37万美元。
Fomo App通过整合代币发现与交易功能、社交动态流、投资者排名和交易通知，凸显了这一动态特征。该平台允许用户不仅追踪价格波动，还能把握时机趋势和代币选择的动向。
白宫立场与持续监督
The Treasury Department's decision follows the guidelines of the President's Digital Asset Markets Working Group. In a July 2025 report, the working group wrote that the Trump administration prefers to allow legitimate users of digital assets to conduct private transactions on public blockchains and recommended that the Treasury Department reassess its approach to relevant regulations.
Although the report acknowledges that some criminals use currency mixers to conceal illegal activities, it also points out that these tools play a role in protecting the privacy of legitimate users.
Although FinCEN is withdrawing these proposals, the agency said it will continue to monitor money laundering and terrorist financing activities in the cryptocurrency space and take further action if necessary.
