Treasury Withdraws Two Crypto Wallet Tracking Rules, But Tax Reporting Keeps Expanding
On October 6, 2026, the Treasury Department's Financial Crimes Enforcement Network, known as FinCEN, formally withdrew two proposed rules that would have added new reporting requirements around self-custody crypto wallets and crypto mixing services. The withdrawal does not change how crypto gains and losses are taxed, and the IRS's own reporting system continues to expand…