Wire · regulatory
FinCEN Withdraws Proposals on Non-Custodial Wallets and Crypto Mixers
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Fusion42 · 7 October 2026 · Fusion42 review
The U.S. Financial Crimes Enforcement Network (FinCEN) has withdrawn its 2020 and 2023 proposals that would have imposed stricter reporting and regulatory requirements on non-custodial wallets and crypto mixers, citing feedback concerns and aligning with a deregulatory approach. The move reflects a softer stance on privacy tools in cryptocurrency, with recent legislative efforts aiming to protect DeFi developers and non-custodial service providers from onerous licensing requirements.
This Wire brief sits within Fusion42's coverage of Crypto & Web3.
◆ ◆ The Wire takeaway
You face fewer immediate regulatory hurdles on non-custodial wallets and mixing services in the U.S., opening space for privacy-centric crypto products; start aligning your legal strategy with this deregulatory trend while this window remains open.
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1 source · 6 Oct 2026
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