FinCEN scraps wallet and mixer reporting rules as CFTC proposes leverage oversight
- —FinCEN scrapped the 2020 rule with $3,000 and $10,000 reporting thresholds for unhosted wallets
- —The withdrawal also covers reporting on transactions with foreign crypto mixers
- —CFTC proposed Regulation CTX and Regulation CAM for leveraged and margined crypto trading
- —The new CAM category tightens listing standards and adds proof-of-reserves requirements
Why it matters: Washington is easing surveillance of wallet privacy while asserting federal control over margin crypto trading, reshaping compliance for exchanges and DeFi platforms.
Source: Blockmedia