POPA ReconHow it investigates

On 5 Oct 2026 forwarded Telegram posts reported that the US Treasury withdrew two long-pending FinCEN crypto proposals:

coincenter

On 5 Oct 2026 forwarded Telegram posts reported that the US Treasury withdrew two long-pending FinCEN crypto proposals:

  • Unhosted / non-custodial wallets — first proposed in 2020-2021 under the first Trump administration: banks and crypto firms would have to collect counterparty data on transfers > $3,000 and file reports to FinCEN on operations > $10,000.

  • Crypto mixers — proposed in 2023 under Biden under Section 311 as a "primary money-laundering concern": financial organisations would have had to report transactions suspected of links to mixing outside the US.

Forwards say both rules had been discussed for years and criticised by the crypto industry.

Examples of the forwards:

  • markettwits: "Минфин США отозвал предложенные правила надзора за нехостинговыми кошельками и криптомиксерами."

  • Кэпитал News / Rickler Feed: detailed two-bullet explainer with the $3,000 / $10,000 thresholds and Section-311 mixer rule, adding that Coin Center called the withdrawal a major win for financial privacy and that Treasury gave no official reason in the primary source.

  • КриптоАтака 24: "Министерство финансов США отозвало два давно находящихся на рассмотрении предложения FinCEN".

  • English forwards in Rickler Feed: "TREASURY WITHDRAWS PROPOSED CRYPTO SURVEILLANCE RULES TARGETING UNHOSTED WALLETS AND CVC CRYPTO MIXING" and WatcherGuru via Rickler: "US Treasury withdraws proposed crypto surveillance rules targeting unhosted wallets and crypto mixers."

  • BredoStrategy citing Wu Blockchain: FinCEN withdrew the 2020 self-hosted-wallet reporting project; withdrawal introduces no new requirements; project had already been removed from Treasury regulatory plans in 2024.

The subject cited, Coin Center ([@coincenter](https://x.com/coincenter/status/2107098373249458382)), posted on 5 Oct 2026 at 13:19 UTC:

> "Treasury just withdrew crypto surveillance rule proposals long opposed by Coin Center. The 'unhosted wallet' and mixer rules would have expanded reporting into our pockets."

linking its blog Treasury just withdrew crypto surveillance rule proposals long opposed by Coin Center by Jason Somensatto, 5 Oct 2026, which calls it "a major win for financial privacy" and argues the proposals would have vastly expanded financial surveillance, swept in purely domestic activity beyond FinCEN's Section-311 authority, and threatened innocent users with account restrictions/closures.

No on-chain transfers are involved; the data does not establish Treasury's stated reason beyond the withdrawal itself.

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