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Nov 6, 2026

US Treasury withdraws $250 crypto travel rule surveillance proposal

The US Treasury's FinCEN and the Federal Reserve Board jointly rescinded a 2020 proposal that would have required financial institutions to collect information on cryptocurrency transfers worth $250 or more, leaving the existing $3,000 threshold in place.

Nov 6, 20263 sources

Top claims

▪Prediction market pricing and market analysis indicated that removing additional regulatory surveillance on cryptocurrency exchanges reduced regulatory pressure on digital assets
▪The $3,000 transaction reporting threshold remains in place for qualifying cryptocurrency transfers under existing guidance from the Financial Crimes Enforcement Network
▪Crypto Council for Innovation CEO Ji Hun Kim stated that rescinding the Travel Rule proposal was the right decision, adding that lowering the threshold to $250 for cross-border transfers would have imposed an undue burden on institutions

Topics

Crypto regulation Crypto exchanges Crypto custody FinCEN wallet and mixer rule withdrawals Anti-money laundering (AML)Crypto privacy & surveillance Federal agencies

Related entities

United States Board of Governors of the Federal Reserve System Bitcoin