Treasury, Fed Drop Plan for $250 Cross-Border Travel Rule Threshold

The retreat matters less for the dollar figure than for the signal: U.S. authorities are not, for now, tightening the reporting net around smaller cross-border transfers, including crypto ones that fall under FinCEN's existing guidance. That leaves the compliance burden where it already sits for firms handling such transfers, and it removes a near-term operational change they had been bracing for. Whether the $250 proposal resurfaces in another form is the open question, since withdrawal is not the same as abandonment.