Trump Treasury formally withdraws 2020 unhosted-wallet reporting rule
- —2020 rule required reporting above $10,000 and counterparty data from $3,000
- —Public comment window was 15 days, mostly over the Christmas holidays
- —Treasury cited national security and Lazarus Group links as justification
- —Withdrawal appeared in the federal regulatory agenda over two years before the final notice
Why it matters: The reversal eases compliance burdens on exchanges and protects privacy for self-custody transfers, though broader crypto oversight remains in place.
Source: CryptoSlate
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