
FinCEN Withdraws Crypto Unhosted Wallet and Mixer Surveillance Rules
FinCEN withdrew its 2020 unhosted wallet rule and a 2023 proposal targeting crypto mixers, citing concerns over chilling legitimate activity.
The latest in digital assets, markets and regulation.

FinCEN withdrew its 2020 unhosted wallet rule and a 2023 proposal targeting crypto mixers, citing concerns over chilling legitimate activity.

Bitcoin trades near $86,000 on October 5, 2026, coinciding with a viral 4chan prediction that this date marks the cycle bottom following its October 2025 peak.

FinCEN withdrew two proposed rules on crypto mixing and unhosted wallet reporting, citing concerns over chilling legitimate activity and regulatory burdens.

Anthony Bassili, president of Coinbase Asset Management, stated his team’s target is for Bitcoin to exceed $300,000 by 2030.

Economist Jim Rickards identifies stablecoins as a primary danger to the bond market while arguing that central bank buying supports a rapid rise in gold prices.

Caitlin Long argues that tokenizing traditional bank deposits, which total $5.7 trillion, may overshadow the $300 billion stablecoin market.

Analyst Lyn Alden argues that while AI drives service price deflation, it cannot halt monetary inflation or reduce demand for scarce assets like Bitcoin.

New SEC regulations may allow financial advisors to hold Bitcoin for clients, with Coinbase providing the necessary custody infrastructure.

The Crypto Council for Innovation defended the OCC's approval of national trust charters for crypto firms, labeling a lawsuit by community bankers as an attempt to stifle financial competition.

Payments infrastructure firm Modern Treasury has applied to the OCC to establish a federally regulated national trust bank for stablecoin and fiat custody.

U.S. spot Bitcoin ETFs attracted over $241 million in net inflows last week, marking the third consecutive positive week and supporting a recent price rally.

The SEC approved Cboe's request to list six 3x leveraged funds from Volatility Shares tracking Bitcoin, Ethereum, gold, silver, crude oil, and natural gas.