US drops proposed crypto rule, but EU still screens $500 transfers

The U.S. has dropped a proposed crypto rule that would have set a reporting threshold for transfers, but the measure never took effect. Meanwhile, in the EU, a $500 customer transfer can still require additional information before an exchange releases it under the bloc's transfer-of-funds rules. The divergence matters to traders because compliance burdens and transfer friction now depend on jurisdiction, affecting how quickly and easily funds move between exchanges.