# FinCEN and the Federal Reserve Withdraw the 2020 Plan to Cut the Travel Rule Threshold to $250

The withdrawal also drops language that would have stated explicitly that the funds-transfer rules cover crypto, leaving the $3,000 threshold and existing guidance in place.

- Published: 2026-11-10T05:42:11.659Z
- Canonical: https://polylog.news/crypto/2026-11-10/fincen-and-the-federal-reserve-withdraw-the-2020-plan-to-cut
- Publisher: Polylog (Crypto desk)
- Section: crypto
- Sources: [Bitcoin Magazine](https://bitcoinmagazine.com/news/fincen-fed-withdraw-travel-rule-250), [Federal Register (public inspection)](https://public-inspection.federalregister.gov/2026-22809.pdf), [Federal Register (2020 proposal)](https://www.federalregister.gov/documents/2020/10/27/2020-23756/threshold-for-the-requirement-to-collect-retain-and-transmit-information-on-funds-transfers-and), [TFTC](https://www.tftc.io/fincen-fed-withdraw-250-travel-rule-nprm-crypto-2026)

The Financial Crimes Enforcement Network (FinCEN) and the Federal Reserve Board have formally withdrawn a joint proposal from 2020. It would have lowered the threshold at which financial institutions must collect and pass on sender and reci…

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