On Monday, the U.S. Treasury's FinCEN submitted a notice to withdraw two proposals: the 2020 non-custodial wallet rule and the 2023 mixer monitoring proposal. The notice is scheduled to be published in the *Federal Register* on Tuesday. The 2020 proposal originally required banks and money service businesses to keep records of self-hosted wallet transactions exceeding $3,000 and report transactions over $10,000. The 2023 proposal aimed to classify international mixers as a 'primary money laundering concern' under Section 311 of the USA PATRIOT Act. FinCEN stated it will continue to monitor the illicit financial risks of mixers and may take further action in the future.