Proposed Crypto Wallet Rule Among Those Frozen ... May 2026

Automatic filing of Currency Transaction Reports (CTRs) for transactions exceeding $10,000 . Arguments and Industry Pushback

The FinCEN wallet rule was one of the most prominent items caught in this freeze. The proposal would have required: Proposed Crypto Wallet Rule Among Those Frozen ...

The rule sparked a "firestorm" within the crypto community, leading to over . Automatic filing of Currency Transaction Reports (CTRs) for

Exchanges to verify the identity of owners for transactions over $3,000 to unhosted wallets. 000 to unhosted wallets. By 2026

By 2026, the regulatory landscape shifted from total "freezes" to targeted implementation and legislative reform.