According to CoinMeta, the US Financial Crimes Enforcement Network announced the withdrawal of two proposed rules related to digital assets: one rule would have required the preservation of records, identity verification, and reporting for specific transactions involving convertible virtual currencies and unmanaged wallets; the other rule would have classified exchanges of convertible virtual currencies as a "major money laundering concern" and required special measures. The US Financial Crimes Enforcement Network stated that the decision to withdraw these proposals, after considering public feedback, is part of the Trump administration's agenda to relax regulations and adjust the regulatory framework for digital assets.