The "Proposed Crypto Wallet Rule" originally refers to a controversial 2020 regulatory proposal by the U.S. Treasury's Financial Crimes Enforcement Network (FinCEN). It sought to impose strict reporting and record-keeping requirements on transactions involving "unhosted" (self-custodied) cryptocurrency wallets.
Many feared the rule would stifle American leadership in the digital asset sector by burdening developers with legacy banking compliance. Modern Context (2025–2026) Proposed Crypto Wallet Rule Among Those Frozen ...
By 2026, the regulatory landscape shifted from total "freezes" to targeted implementation and legislative reform. The "Proposed Crypto Wallet Rule" originally refers to