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CryptoMedium•9 November 2026•
1 min read

US Regulators Withdraw Proposal to Lower Crypto Travel Rule Threshold to $250

Key Facts

1FinCEN and the Federal Reserve formally withdrew a 2020 proposal that would have lowered the cross-border funds-transfer reporting threshold.
2The proposal aimed to cut the threshold from $3,000 to $250 and explicitly include cryptocurrency transactions.

The Financial Crimes Enforcement Network (FinCEN) and the Federal Reserve Board of Governors have formally withdrawn a 2020 proposal aimed at lowering the reporting threshold for cross-border fund transfers. Bitcoin Magazine reported that the withdrawn plan sought to reduce the recordkeeping and Travel Rule threshold from $3,000 to $250 while explicitly including cryptocurrency transactions in the definition.

Regulators stated that any future iteration of such rules would require a fresh public comment period, effectively resetting the regulatory process for digital asset transfers. The decision maintains the decades-old $3,000 reporting limit, providing relief from immediate compliance burdens for crypto exchanges and users as new legal frameworks continue to emerge in the sector.