Proposed Crypto Wallet Rule Among Those Frozen ... -

Critics noted it was technically impossible for some decentralized finance (DeFi) protocols or smart contracts to collect the required name and address data.

Advocates argued the rule was a "significant intrusion" into personal privacy and financial autonomy. Proposed Crypto Wallet Rule Among Those Frozen ...

Many feared the rule would stifle American leadership in the digital asset sector by burdening developers with legacy banking compliance. Modern Context (2025–2026) Critics noted it was technically impossible for some

The rule sparked a "firestorm" within the crypto community, leading to over . leading to over .