The U.S. Treasury's Financial Crimes Enforcement Network withdrew two proposed rules covering transactions involving self-custodied wallets and convertible virtual currency mixing. The wallet proposal would have required banks and money services businesses to retain records for covered transfers above $3,000 and report transactions exceeding $10,000, including multiple transactions totaling that amount within 24 hours. FinCEN also withdrew its 2023 proposal to classify international crypto mixing as a class of transactions of primary money-laundering concern under Section 311 of the USA PATRIOT Act. The agency cited a July 2025 report from the President's Working Group on Digital Asset Markets and concerns that its broad mixing definition could affect legitimate activity. The withdrawal does not change existing Bank Secrecy Act obligations, including customer checks, anti-money-laundering programs, suspicious-activity reporting and sanctions screening. Coinbase shares rose about 3% to $188 after the announcement, while Bitcoin slipped less than 1% to about $85,690.