US Treasury dropped proposed surveillance rules for unhosted wallets and crypto mixers. That removes a major compliance headwind for self-custody and privacy tools.

CFTC Chair Mike Selig says “big” news is coming. That’s all the market gets for now.

🇺🇸WATCH OUT: Crypto regulation at the SEC is now in Republican hands. The US SEC is down to just two commissioners after Hester Peirce officially left the agency on Oct. 2. Her exit follows the earlier departures of Democratic commissioners Jaime Lizárraga and Caroline Crenshaw. That leaves the 5-seat SEC with only Chair Paul Atkins and Commissioner Mark Uyeda, both Republicans. Atkins was nominated by Trump, while Uyeda was named acting SEC chair by Trump before Atkins was confirmed. This marks a major shift from the Gary Gensler era, when the SEC was widely seen as hostile to crypto. A smaller Atkins-Uyeda SEC could move faster on tokenization, custody, ETFs, and clearer crypto rules.

🚨BREAKING: The U.S. Treasury and FinCEN WITHDRAW two major crypto proposals targeting self-custody and mixers. • “Unhosted Wallet” KYC rule • CVC mixing surveillance rule If implemented, the rules could have significantly expanded reporting, record-keeping and transaction monitoring across crypto. Their withdrawal removes two of the most closely watched federal surveillance proposals hanging over self-custody and privacy-focused crypto activity.

SEC Commissioner Hester Peirce: Strict Regulation Benefits “Useless” Meme Coins Former U.S. SEC Commissioner Hester Peirce @HesterPeirce, in an interview with @scottmelker on September 27, stated that the crypto industry previously went to great lengths to avoid being classified as securities, as falling under securities regulation brought significant pressure. She argued that this regulatory environment has produced an ironic outcome: some meme coins openly declare themselves “without utility or purpose” to stay outside the scope of securities regulation, while projects genuinely aiming to create real-world utility struggle to advance. Peirce emphasized that regulation should provide investor protection when applicable, rather than forcing all projects to flee the regulatory framework. Source: The Wolf Of All Streets