US Treasury and Fed Abandon Plan to Track Smaller Bitcoin, Crypto Transfers

The U.S. Treasury and Federal Reserve are withdrawing a proposal that would have expanded information collection for international crypto transfers as small as $250. The existing $3,000 reporting threshold stays in place while officials reassess rules first proposed in 2020. For traders, the retreat signals lighter compliance burden on smaller transfers and a softer regulatory posture than the 2020 proposal implied.