Crypto-Mixing Proposal Status Unclear as Unhosted-Wallet Plan Gains Public Attention
The crypto-mixing proposal remains listed as a notice of proposed rulemaking, according to recent records. Unlike the unhosted-wallet proposal, which drew over 7,500 public comments, the status of the crypto-mixing proposal is less clear, as records do not confirm its withdrawal.
The unhosted-wallet proposal aimed to impose anti-money-laundering requirements on banks and money services businesses. It would have required them to report certain transactions involving unhosted wallets, maintain related records, and verify customer identities. The significant number of public comments indicates strong public interest in the proposal.
The crypto-mixing proposal, on the other hand, focuses on services that mix crypto transactions. While it remains listed as a notice of proposed rulemaking, there is no clear indication of its current status. Both proposals address anti-money-laundering requirements for parts of the crypto ecosystem.