Key facts
- A federal financial regulator withdrew a proposed rule that would have extended the Bank Secrecy Act to certain investment advisers, per Bitcoin Magazine.
- The proposal was referred to as a $250 travel rule in the report, which did not identify the regulator.
- The report, dated November 9, 2026, cited no source for the withdrawal and gave no further detail.
A federal financial regulator withdrew a proposed rule that would have extended the Bank Secrecy Act to certain investment advisers, according to Bitcoin Magazine, which did not name the regulator or cite a source for the decision. The report, dated November 9, 2026, did not say whether the withdrawal was final or when it took effect.
The proposal was sometimes called the $250 travel rule, a reference to a $250 threshold in the rule. The report did not explain the threshold or how it would have applied. The Bank Secrecy Act requires financial institutions to keep records and report certain transactions to help detect money laundering; the report gave no detail on how the proposal would have applied it to investment advisers.
The report gave no further facts, figures, or statements from the regulator or any other party.