FinCEN Withdraws Trump-Era Crypto Privacy Rules
The withdrawals end two stalled proceedings, but they do not remove AML, KYC or suspicious-activity duties, leaving self-custody privacy intact without ending oversight.
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The withdrawals end two stalled proceedings, but they do not remove AML, KYC or suspicious-activity duties, leaving self-custody privacy intact without ending oversight.
Treasury’s retreat concerns reporting rules, not criminal charges. Storm’s venue challenge and the scope of developer liability remain before the court.
The move removes a proposed federal surveillance framework for unhosted wallets and mixers, easing an immediate regulatory concern for privacy-focused crypto users.
The warning links perceived privacy in crypto to alleged espionage recruitment, rather than announcing a new restriction on trading or a specific network.
The warning links blockchain traceability to personal exposure, while framing crypto as a potential tool for foreign intelligence recruitment.
SEC Commissioner Hester Peirce has publicly defended crypto privacy-enhancing technologies, arguing they represent…