[U.S. Treasury Withdraws Proposed Cryptocurrency Monitoring Rules for Unhosted Wallets and CVC Crypto Mixers] Foresight News reports that Coin Center has published an article stating that the U.S. Treasury is removing two long-pending cryptocurrency rules from its agenda, specifically the Financial Crimes Enforcement Network (FinCEN)'s proposed rules targeting so-called 'unhosted wallets' and cryptocurrency mixers. The proposed rules would have required financial institutions to collect and retain counterparty information for transactions involving unhosted wallets exceeding $3,000 and to report such transactions exceeding $10,000 to FinCEN. Coin Center stated that both rules posed a significant threat to expanding financial surveillance on cryptocurrency users. Crypto advocates had repeatedly urged the Treasury to abandon the proposals. While these proposals may have been shelved for years, as long as they remained pending, they left open the possibility for the Treasury to revive an approach premised on collecting increasing amounts of information about legitimate cryptocurrency transactions, regardless of whether such collection was narrowly tailored to address genuine illicit financial risks.