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US Treasury drops two crypto surveillance rules, marking a win for privacy but keeping existing exchange checks.

Market News
05 Oct 2026
24/7 Wall Street
View Source
Bullish
US Treasury drops two crypto surveillance rules, marking a win for privacy but keeping existing exchange checks.

The US Treasury's Financial Crimes Enforcement Network (FinCEN) withdrew two proposed rules that would have required banks and exchanges to report users involved in crypto mixing and self-custody wallet transactions. This move is seen as a significant win for crypto privacy advocates, as it protects lawful users' rights to transact privately on public blockchains. However, existing anti-money-laundering checks on regulated exchanges like Coinbase remain unchanged, so most investors will not see practical differences. FinCEN retains authority to impose future regulations on mixers, leaving some uncertainty about long-term privacy protections.

Coinbase Global, Inc. has a market cap of $48.28 billion and an enterprise value of $45.93 billion as of Oct 06, 2026 04:51 WIB. On Pluang, COIN trades at USD 188.07 with a 1-day gain of 2.77%, while the typical holding period is 78 days. Despite the US Treasury's move to protect crypto privacy, Coinbase's regulated exchange status means existing anti-money-laundering checks remain in place, which may influence investor activity reflected in the current Pluang order split of 59% Sell and 41% Buy.

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