# FinCEN drops crypto mixing reporting proposal after backlash

https://mins.news/en/item/88487

- CryptoSlate, 2026-10-06 18:20 UTC
- Economy
- Original: https://cryptoslate.com/fincen-drops-crypto-mixing-proposal-as-backlash-kills-rule/

> The U.S. Treasury’s Financial Crimes Enforcement Network is withdrawing its proposed reporting rule for crypto mixing and its 2023 finding that international mixing was a primary money-laundering concern. FinCEN cited fears that the broad definition could chill legitimate activity and create a heavy burden. Existing transmitter, recordkeeping and suspicious-activity reporting obligations remain.

## Related coverage

- [U.S. drops proposed $10,000 reporting rule for crypto sent to private wallets](https://mins.news/en/item/87424) — CoinDesk, 2026-10-06
- [Treasury withdraws crypto mixing rule over ‘chilling effect’ concerns](https://mins.news/en/item/86815) — The Block, 2026-10-05