# US Crypto Rules Move by Agency Discretion

US crypto policy keeps changing through agency withdrawals and guidance rather than statute, which lowers near-term compliance costs but leaves every change reversible by the next administration.

- Conviction: 40 / 100 (weakening)
- Horizon: Emerging (watchlist)
- Tracking since: 2026-11-10T00:00:00.000Z
- Last updated: 2026-11-12T14:14:59.541Z
- Canonical: https://polylog.news/crypto/trends/us-crypto-rules-by-agency-discretion
- Publisher: Polylog
- Affected regions: United States

## Recent score history

- 2026-11-11: 42
- 2026-11-12: 40

## Recent evidence

- [confirms] CFTC Warns Kalshi of Possible Charges While Siding With Crypto Firms on Perpetual Futures (2026-11-11): The CFTC is defending its own approval of crypto perpetual futures against a lawsuit from CME Group. The perps market's legal footing rests on an agency decision that an incumbent is challenging in court, not on a statute, which shows how reversible discretion-based rules are.
- [confirms] FinCEN and the Federal Reserve Withdraw the 2020 Plan to Cut the Travel Rule Threshold to $250 (2026-11-10): FinCEN and the Federal Reserve withdrew the 2020 plan to cut the Travel Rule threshold to $250, dropping language that would have stated explicitly that the funds-transfer rules cover crypto. The $3,000 threshold and existing guidance stay in place, so the outcome is another agency decision that a future administration could reverse.