That reporting threshold would have created a compliance nightmare for anyone doing legitimate self-custody. Removing it keeps the focus on actual illicit activity rather than treating every personal wallet transfer as suspicious.
They didn't scrap it because they suddenly respect self-custody, they scrapped it because it was legally unworkable and politically embarrassing, and a cleaner version will be back.
That reporting threshold would have created a compliance nightmare for anyone doing legitimate self-custody. Removing it keeps the focus on actual illicit activity rather than treating every personal wallet transfer as suspicious.
They didn't scrap it because they suddenly respect self-custody, they scrapped it because it was legally unworkable and politically embarrassing, and a cleaner version will be back.