☕️ US Regulators Walk Back Crypto Travel Rule and 401(k) Guidance FinCEN, the Federal Reserve, and the Labor Department have retreated from planned or existing digital asset restrictions, easing compliance burdens for foreign transfers and retirement plan fiduciaries.
1. FinCEN and Fed Withdraw Proposed Crypto Travel Rule Changes — The Financial Crimes Enforcement Network and Federal Reserve Board jointly abandoned a proposed rule amending recordkeeping and reporting requirements for convertible virtual currencies [1]. The withdrawn measure would have lowered the dollar threshold for rep 2. US Spot Bitcoin ETFs Suffer $1.28B Weekly Outflows — US spot $BTC exchange-traded funds posted $1.28 billion in weekly net redemptions, marking the largest aggregate outflow since late June [4]. BlackRock's IBIT accounted for $1.21 billion of the losses, extending a six-day outflow streak that erased $1.44 billi 3. Senator Blumenthal Sets Jan. 4 Deadline for Binance and Tether Records — The incoming Senate investigations chair requested voluntary records productions by Jan. 4, 2027, targeting Binance, $USDT issuer Tether, World Liberty Financial, and Fight Fight Fight LLC [3]. Senator Blumenthal stated the subcommittee will consider subpoenas 4. Labor Department Rescinds 2022 Crypto 401(k) Fiduciary Guidance — The US Department of Labor repealed 2022 instructions that cautioned fiduciaries against including cryptocurrency in employer retirement plans [6]. Labor Secretary Lori Chavez-DeRemer said the agency will return to a neutral stance under the Employee Retiremen 5. Buterin Says ETH Value Relies on Decentralization Over Fee Burns — Ethereum co-founder Vitalik Buterin stated the network should not worry if $ETH fee burns stay below 10 percent of breakeven [2]. Relying entirely on fee burns to support a $270 billion market capitalization would severely cut validator revenue and require hea
📊 Bitcoin trades at $74,080, down 2.3% over the past 24 hours, while Ether fell 5.7% to $2,107, pushing total market capitalization down 1.5% to $2.47 trillion.
