FinCEN withdraws proposed crypto mixing rule over ‘legitimate activity’ concerns

Crypto Insight Summary: The bureau under the US Treasury said it was withdrawing two proposed rules on unhosted wallets and crypto mixers ”as part of the Trump Administration’s deregulatory agenda.” Crypto Insight Analysis: Direction: Bullish BTC / ETH Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: Regulatory easing on crypto mixers signals positive sentiment for privacy coins and crypto.