diff --git a/ci/test/06_script_b.sh b/ci/test/06_script_b.sh
index 1220b15d5a..3c02909212 100755
--- a/ci/test/06_script_b.sh
+++ b/ci/test/06_script_b.sh
@@ -45,6 +45,7 @@ if [ "${RUN_TIDY}" = "true" ]; then
           " src/init"\
           " src/kernel"\
           " src/node/chainstate.cpp"\
+          " src/node/mempool_args.cpp"\
           " src/policy/feerate.cpp"\
           " src/policy/packages.cpp"\
           " src/policy/settings.cpp"\
diff --git a/doc/policy/README.md b/doc/policy/README.md
index 6e8686365d..27536407e7 100644
--- a/doc/policy/README.md
+++ b/doc/policy/README.md
@@ -3,7 +3,7 @@
 **Policy** (Mempool or Transaction Relay Policy) is the node's set of validation rules, in addition
 to consensus, enforced for unconfirmed transactions before submitting them to the mempool. These
 rules are local to the node and configurable (e.g. `-minrelaytxfee`, `-limitancestorsize`,
-`-incrementalRelayFee`). Policy may include restrictions on the transaction itself, the transaction
+`-incrementalrelayfee`). Policy may include restrictions on the transaction itself, the transaction
 in relation to the current chain tip, and the transaction in relation to the node's mempool
 contents. Policy is *not* applied to transactions in blocks.
 
diff --git a/doc/policy/mempool-replacements.md b/doc/policy/mempool-replacements.md
index 430a96f228..b3c4239b73 100644
--- a/doc/policy/mempool-replacements.md
+++ b/doc/policy/mempool-replacements.md
@@ -71,7 +71,7 @@ This set of rules is similar but distinct from BIP125.
   Bitcoin Core implementation.
 
 * The incremental relay feerate used to calculate the required additional fees is distinct from
-  `minRelayTxFee` and configurable using `-incrementalrelayfee`
+  `-minrelaytxfee` and configurable using `-incrementalrelayfee`
   ([PR #9380](https://github.com/bitcoin/bitcoin/pull/9380)).
 
 * RBF enabled by default in the wallet GUI as of **v0.18.1** ([PR
diff --git a/doc/policy/packages.md b/doc/policy/packages.md
index f2a3d6517e..03c26da86b 100644
--- a/doc/policy/packages.md
+++ b/doc/policy/packages.md
@@ -81,7 +81,7 @@ If any transactions in the package are already in the mempool, they are not subm
 ("deduplicated") and are thus excluded from this calculation.
 
 To meet the two feerate requirements of a mempool, i.e., the pre-configured minimum relay feerate
-(`minRelayTxFee`) and the dynamic mempool minimum feerate, the total package feerate is used instead
+(`-minrelaytxfee`) and the dynamic mempool minimum feerate, the total package feerate is used instead
 of the individual feerate. The individual transactions are allowed to be below the feerate
 requirements if the package meets the feerate requirements. For example, the parent(s) in the
 package can pay no fees but be paid for by the child.
diff --git a/src/Makefile.am b/src/Makefile.am
index 23bc180095..22390ef2bf 100644
--- a/src/Makefile.am
+++ b/src/Makefile.am
@@ -139,7 +139,6 @@ BITCOIN_CORE_H = \
   compat/cpuid.h \
   compat/endian.h \
   compressor.h \
-  node/connection_types.h \
   consensus/consensus.h \
   consensus/tx_check.h \
   consensus/tx_verify.h \
@@ -149,7 +148,6 @@ BITCOIN_CORE_H = \
   dbwrapper.h \
   deploymentinfo.h \
   deploymentstatus.h \
-  node/eviction.h \
   external_signer.h \
   flatfile.h \
   fs.h \
@@ -184,7 +182,6 @@ BITCOIN_CORE_H = \
   logging.h \
   logging/timer.h \
   mapport.h \
-  mempool_args.h \
   memusage.h \
   merkleblock.h \
   net.h \
@@ -199,13 +196,16 @@ BITCOIN_CORE_H = \
   node/caches.h \
   node/chainstate.h \
   node/coin.h \
+  node/connection_types.h \
   node/context.h \
+  node/eviction.h \
+  node/interface_ui.h \
+  node/mempool_args.h \
   node/mempool_persist_args.h \
   node/miner.h \
   node/minisketchwrapper.h \
   node/psbt.h \
   node/transaction.h \
-  node/interface_ui.h \
   node/utxo_snapshot.h \
   noui.h \
   outputtype.h \
@@ -372,10 +372,9 @@ libbitcoin_node_a_SOURCES = \
   kernel/context.cpp \
   kernel/mempool_persist.cpp \
   mapport.cpp \
-  mempool_args.cpp \
   net.cpp \
-  netgroup.cpp \
   net_processing.cpp \
+  netgroup.cpp \
   node/blockstorage.cpp \
   node/caches.cpp \
   node/chainstate.cpp \
@@ -383,13 +382,14 @@ libbitcoin_node_a_SOURCES = \
   node/connection_types.cpp \
   node/context.cpp \
   node/eviction.cpp \
+  node/interface_ui.cpp \
   node/interfaces.cpp \
+  node/mempool_args.cpp \
   node/mempool_persist_args.cpp \
   node/miner.cpp \
   node/minisketchwrapper.cpp \
   node/psbt.cpp \
   node/transaction.cpp \
-  node/interface_ui.cpp \
   noui.cpp \
   policy/fees.cpp \
   policy/fees_args.cpp \
@@ -402,8 +402,8 @@ libbitcoin_node_a_SOURCES = \
   rpc/fees.cpp \
   rpc/mempool.cpp \
   rpc/mining.cpp \
-  rpc/node.cpp \
   rpc/net.cpp \
+  rpc/node.cpp \
   rpc/output_script.cpp \
   rpc/rawtransaction.cpp \
   rpc/server.cpp \
diff --git a/src/init.cpp b/src/init.cpp
index a94bbe6460..e3d13ad972 100644
--- a/src/init.cpp
+++ b/src/init.cpp
@@ -31,7 +31,6 @@
 #include <interfaces/init.h>
 #include <interfaces/node.h>
 #include <mapport.h>
-#include <mempool_args.h>
 #include <net.h>
 #include <net_permissions.h>
 #include <net_processing.h>
@@ -42,6 +41,7 @@
 #include <node/chainstate.h>
 #include <node/context.h>
 #include <node/interface_ui.h>
+#include <node/mempool_args.h>
 #include <node/mempool_persist_args.h>
 #include <node/miner.h>
 #include <policy/feerate.h>
@@ -935,16 +935,6 @@ bool AppInitParameterInteraction(const ArgsManager& args, bool use_syscall_sandb
         LogPrintf("Warning: nMinimumChainWork set below default value of %s\n", chainparams.GetConsensus().nMinimumChainWork.GetHex());
     }
 
-    // incremental relay fee sets the minimum feerate increase necessary for BIP 125 replacement in the mempool
-    // and the amount the mempool min fee increases above the feerate of txs evicted due to mempool limiting.
-    if (args.IsArgSet("-incrementalrelayfee")) {
-        if (std::optional<CAmount> inc_relay_fee = ParseMoney(args.GetArg("-incrementalrelayfee", ""))) {
-            ::incrementalRelayFee = CFeeRate{inc_relay_fee.value()};
-        } else {
-            return InitError(AmountErrMsg("incrementalrelayfee", args.GetArg("-incrementalrelayfee", "")));
-        }
-    }
-
     // block pruning; get the amount of disk space (in MiB) to allot for block & undo files
     int64_t nPruneArg = args.GetIntArg("-prune", 0);
     if (nPruneArg < 0) {
@@ -973,19 +963,6 @@ bool AppInitParameterInteraction(const ArgsManager& args, bool use_syscall_sandb
         return InitError(Untranslated("peertimeout must be a positive integer."));
     }
 
-    if (args.IsArgSet("-minrelaytxfee")) {
-        if (std::optional<CAmount> min_relay_fee = ParseMoney(args.GetArg("-minrelaytxfee", ""))) {
-            // High fee check is done afterward in CWallet::Create()
-            ::minRelayTxFee = CFeeRate{min_relay_fee.value()};
-        } else {
-            return InitError(AmountErrMsg("minrelaytxfee", args.GetArg("-minrelaytxfee", "")));
-        }
-    } else if (incrementalRelayFee > ::minRelayTxFee) {
-        // Allow only setting incrementalRelayFee to control both
-        ::minRelayTxFee = incrementalRelayFee;
-        LogPrintf("Increasing minrelaytxfee to %s to match incrementalrelayfee\n",::minRelayTxFee.ToString());
-    }
-
     // Sanity check argument for min fee for including tx in block
     // TODO: Harmonize which arguments need sanity checking and where that happens
     if (args.IsArgSet("-blockmintxfee")) {
@@ -994,28 +971,10 @@ bool AppInitParameterInteraction(const ArgsManager& args, bool use_syscall_sandb
         }
     }
 
-    // Feerate used to define dust.  Shouldn't be changed lightly as old
-    // implementations may inadvertently create non-standard transactions
-    if (args.IsArgSet("-dustrelayfee")) {
-        if (std::optional<CAmount> parsed = ParseMoney(args.GetArg("-dustrelayfee", ""))) {
-            dustRelayFee = CFeeRate{parsed.value()};
-        } else {
-            return InitError(AmountErrMsg("dustrelayfee", args.GetArg("-dustrelayfee", "")));
-        }
-    }
-
-    fRequireStandard = !args.GetBoolArg("-acceptnonstdtxn", !chainparams.RequireStandard());
-    if (!chainparams.IsTestChain() && !fRequireStandard) {
-        return InitError(strprintf(Untranslated("acceptnonstdtxn is not currently supported for %s chain"), chainparams.NetworkIDString()));
-    }
     nBytesPerSigOp = args.GetIntArg("-bytespersigop", nBytesPerSigOp);
 
     if (!g_wallet_init_interface.ParameterInteraction()) return false;
 
-    fIsBareMultisigStd = args.GetBoolArg("-permitbaremultisig", DEFAULT_PERMIT_BAREMULTISIG);
-    fAcceptDatacarrier = args.GetBoolArg("-datacarrier", DEFAULT_ACCEPT_DATACARRIER);
-    nMaxDatacarrierBytes = args.GetIntArg("-datacarriersize", nMaxDatacarrierBytes);
-
     // Option to startup with mocktime set (used for regression testing):
     SetMockTime(args.GetIntArg("-mocktime", 0)); // SetMockTime(0) is a no-op
 
@@ -1418,7 +1377,9 @@ bool AppInitMain(NodeContext& node, interfaces::BlockAndHeaderTipInfo* tip_info)
         .estimator = node.fee_estimator.get(),
         .check_ratio = chainparams.DefaultConsistencyChecks() ? 1 : 0,
     };
-    ApplyArgsManOptions(args, mempool_opts);
+    if (const auto err{ApplyArgsManOptions(args, chainparams, mempool_opts)}) {
+        return InitError(*err);
+    }
     mempool_opts.check_ratio = std::clamp<int>(mempool_opts.check_ratio, 0, 1'000'000);
 
     int64_t descendant_limit_bytes = mempool_opts.limits.descendant_size_vbytes * 40;
diff --git a/src/kernel/mempool_options.h b/src/kernel/mempool_options.h
index 07953b443b..dad6f14c39 100644
--- a/src/kernel/mempool_options.h
+++ b/src/kernel/mempool_options.h
@@ -6,8 +6,13 @@
 
 #include <kernel/mempool_limits.h>
 
+#include <policy/feerate.h>
+#include <policy/policy.h>
+#include <script/standard.h>
+
 #include <chrono>
 #include <cstdint>
+#include <optional>
 
 class CBlockPolicyEstimator;
 
@@ -33,6 +38,20 @@ struct MemPoolOptions {
     int check_ratio{0};
     int64_t max_size_bytes{DEFAULT_MAX_MEMPOOL_SIZE_MB * 1'000'000};
     std::chrono::seconds expiry{std::chrono::hours{DEFAULT_MEMPOOL_EXPIRY_HOURS}};
+    CFeeRate incremental_relay_feerate{DEFAULT_INCREMENTAL_RELAY_FEE};
+    /** A fee rate smaller than this is considered zero fee (for relaying, mining and transaction creation) */
+    CFeeRate min_relay_feerate{DEFAULT_MIN_RELAY_TX_FEE};
+    CFeeRate dust_relay_feerate{DUST_RELAY_TX_FEE};
+    /**
+     * A data carrying output is an unspendable output containing data. The script
+     * type is designated as TxoutType::NULL_DATA.
+     *
+     * Maximum size of TxoutType::NULL_DATA scripts that this node considers standard.
+     * If nullopt, any size is nonstandard.
+     */
+    std::optional<unsigned> max_datacarrier_bytes{DEFAULT_ACCEPT_DATACARRIER ? std::optional{MAX_OP_RETURN_RELAY} : std::nullopt};
+    bool permit_bare_multisig{DEFAULT_PERMIT_BAREMULTISIG};
+    bool require_standard{true};
     bool full_rbf{DEFAULT_MEMPOOL_FULL_RBF};
     MemPoolLimits limits{};
 };
diff --git a/src/mempool_args.cpp b/src/mempool_args.cpp
deleted file mode 100644
index 77caa127e9..0000000000
--- a/src/mempool_args.cpp
+++ /dev/null
@@ -1,39 +0,0 @@
-// Copyright (c) 2022 The Bitcoin Core developers
-// Distributed under the MIT software license, see the accompanying
-// file COPYING or http://www.opensource.org/licenses/mit-license.php.
-
-#include <mempool_args.h>
-
-#include <kernel/mempool_limits.h>
-#include <kernel/mempool_options.h>
-
-#include <util/system.h>
-
-using kernel::MemPoolLimits;
-using kernel::MemPoolOptions;
-
-namespace {
-void ApplyArgsManOptions(const ArgsManager& argsman, MemPoolLimits& mempool_limits)
-{
-    mempool_limits.ancestor_count = argsman.GetIntArg("-limitancestorcount", mempool_limits.ancestor_count);
-
-    if (auto vkb = argsman.GetIntArg("-limitancestorsize")) mempool_limits.ancestor_size_vbytes = *vkb * 1'000;
-
-    mempool_limits.descendant_count = argsman.GetIntArg("-limitdescendantcount", mempool_limits.descendant_count);
-
-    if (auto vkb = argsman.GetIntArg("-limitdescendantsize")) mempool_limits.descendant_size_vbytes = *vkb * 1'000;
-}
-}
-
-void ApplyArgsManOptions(const ArgsManager& argsman, MemPoolOptions& mempool_opts)
-{
-    mempool_opts.check_ratio = argsman.GetIntArg("-checkmempool", mempool_opts.check_ratio);
-
-    if (auto mb = argsman.GetIntArg("-maxmempool")) mempool_opts.max_size_bytes = *mb * 1'000'000;
-
-    if (auto hours = argsman.GetIntArg("-mempoolexpiry")) mempool_opts.expiry = std::chrono::hours{*hours};
-
-    mempool_opts.full_rbf = argsman.GetBoolArg("-mempoolfullrbf", mempool_opts.full_rbf);
-
-    ApplyArgsManOptions(argsman, mempool_opts.limits);
-}
diff --git a/src/net_processing.cpp b/src/net_processing.cpp
index 0e10fa5f9d..2e11390541 100644
--- a/src/net_processing.cpp
+++ b/src/net_processing.cpp
@@ -4759,8 +4759,8 @@ void PeerManagerImpl::MaybeSendFeefilter(CNode& pto, Peer& peer, std::chrono::mi
     }
     if (current_time > peer.m_next_send_feefilter) {
         CAmount filterToSend = g_filter_rounder.round(currentFilter);
-        // We always have a fee filter of at least minRelayTxFee
-        filterToSend = std::max(filterToSend, ::minRelayTxFee.GetFeePerK());
+        // We always have a fee filter of at least the min relay fee
+        filterToSend = std::max(filterToSend, m_mempool.m_min_relay_feerate.GetFeePerK());
         if (filterToSend != peer.m_fee_filter_sent) {
             m_connman.PushMessage(&pto, CNetMsgMaker(pto.GetCommonVersion()).Make(NetMsgType::FEEFILTER, filterToSend));
             peer.m_fee_filter_sent = filterToSend;
diff --git a/src/node/interfaces.cpp b/src/node/interfaces.cpp
index 699dca0a73..2c845d0127 100644
--- a/src/node/interfaces.cpp
+++ b/src/node/interfaces.cpp
@@ -301,7 +301,11 @@ public:
         }
     }
     bool getNetworkActive() override { return m_context->connman && m_context->connman->GetNetworkActive(); }
-    CFeeRate getDustRelayFee() override { return ::dustRelayFee; }
+    CFeeRate getDustRelayFee() override
+    {
+        if (!m_context->mempool) return CFeeRate{DUST_RELAY_TX_FEE};
+        return m_context->mempool->m_dust_relay_feerate;
+    }
     UniValue executeRpc(const std::string& command, const UniValue& params, const std::string& uri) override
     {
         JSONRPCRequest req;
@@ -676,9 +680,21 @@ public:
         if (!m_node.mempool) return {};
         return m_node.mempool->GetMinFee();
     }
-    CFeeRate relayMinFee() override { return ::minRelayTxFee; }
-    CFeeRate relayIncrementalFee() override { return ::incrementalRelayFee; }
-    CFeeRate relayDustFee() override { return ::dustRelayFee; }
+    CFeeRate relayMinFee() override
+    {
+        if (!m_node.mempool) return CFeeRate{DEFAULT_MIN_RELAY_TX_FEE};
+        return m_node.mempool->m_min_relay_feerate;
+    }
+    CFeeRate relayIncrementalFee() override
+    {
+        if (!m_node.mempool) return CFeeRate{DEFAULT_INCREMENTAL_RELAY_FEE};
+        return m_node.mempool->m_incremental_relay_feerate;
+    }
+    CFeeRate relayDustFee() override
+    {
+        if (!m_node.mempool) return CFeeRate{DUST_RELAY_TX_FEE};
+        return m_node.mempool->m_dust_relay_feerate;
+    }
     bool havePruned() override
     {
         LOCK(::cs_main);
diff --git a/src/node/mempool_args.cpp b/src/node/mempool_args.cpp
new file mode 100644
index 0000000000..60993f1d8d
--- /dev/null
+++ b/src/node/mempool_args.cpp
@@ -0,0 +1,99 @@
+// Copyright (c) 2022 The Bitcoin Core developers
+// Distributed under the MIT software license, see the accompanying
+// file COPYING or http://www.opensource.org/licenses/mit-license.php.
+
+#include <node/mempool_args.h>
+
+#include <kernel/mempool_limits.h>
+#include <kernel/mempool_options.h>
+
+#include <chainparams.h>
+#include <consensus/amount.h>
+#include <logging.h>
+#include <policy/feerate.h>
+#include <policy/policy.h>
+#include <tinyformat.h>
+#include <util/error.h>
+#include <util/moneystr.h>
+#include <util/system.h>
+#include <util/translation.h>
+
+#include <chrono>
+#include <memory>
+
+using kernel::MemPoolLimits;
+using kernel::MemPoolOptions;
+
+namespace {
+void ApplyArgsManOptions(const ArgsManager& argsman, MemPoolLimits& mempool_limits)
+{
+    mempool_limits.ancestor_count = argsman.GetIntArg("-limitancestorcount", mempool_limits.ancestor_count);
+
+    if (auto vkb = argsman.GetIntArg("-limitancestorsize")) mempool_limits.ancestor_size_vbytes = *vkb * 1'000;
+
+    mempool_limits.descendant_count = argsman.GetIntArg("-limitdescendantcount", mempool_limits.descendant_count);
+
+    if (auto vkb = argsman.GetIntArg("-limitdescendantsize")) mempool_limits.descendant_size_vbytes = *vkb * 1'000;
+}
+}
+
+std::optional<bilingual_str> ApplyArgsManOptions(const ArgsManager& argsman, const CChainParams& chainparams, MemPoolOptions& mempool_opts)
+{
+    mempool_opts.check_ratio = argsman.GetIntArg("-checkmempool", mempool_opts.check_ratio);
+
+    if (auto mb = argsman.GetIntArg("-maxmempool")) mempool_opts.max_size_bytes = *mb * 1'000'000;
+
+    if (auto hours = argsman.GetIntArg("-mempoolexpiry")) mempool_opts.expiry = std::chrono::hours{*hours};
+
+    // incremental relay fee sets the minimum feerate increase necessary for BIP 125 replacement in the mempool
+    // and the amount the mempool min fee increases above the feerate of txs evicted due to mempool limiting.
+    if (argsman.IsArgSet("-incrementalrelayfee")) {
+        if (std::optional<CAmount> inc_relay_fee = ParseMoney(argsman.GetArg("-incrementalrelayfee", ""))) {
+            mempool_opts.incremental_relay_feerate = CFeeRate{inc_relay_fee.value()};
+        } else {
+            return AmountErrMsg("incrementalrelayfee", argsman.GetArg("-incrementalrelayfee", ""));
+        }
+    }
+
+    if (argsman.IsArgSet("-minrelaytxfee")) {
+        if (std::optional<CAmount> min_relay_feerate = ParseMoney(argsman.GetArg("-minrelaytxfee", ""))) {
+            // High fee check is done afterward in CWallet::Create()
+            mempool_opts.min_relay_feerate = CFeeRate{min_relay_feerate.value()};
+        } else {
+            return AmountErrMsg("minrelaytxfee", argsman.GetArg("-minrelaytxfee", ""));
+        }
+    } else if (mempool_opts.incremental_relay_feerate > mempool_opts.min_relay_feerate) {
+        // Allow only setting incremental fee to control both
+        mempool_opts.min_relay_feerate = mempool_opts.incremental_relay_feerate;
+        LogPrintf("Increasing minrelaytxfee to %s to match incrementalrelayfee\n", mempool_opts.min_relay_feerate.ToString());
+    }
+
+    // Feerate used to define dust.  Shouldn't be changed lightly as old
+    // implementations may inadvertently create non-standard transactions
+    if (argsman.IsArgSet("-dustrelayfee")) {
+        if (std::optional<CAmount> parsed = ParseMoney(argsman.GetArg("-dustrelayfee", ""))) {
+            mempool_opts.dust_relay_feerate = CFeeRate{parsed.value()};
+        } else {
+            return AmountErrMsg("dustrelayfee", argsman.GetArg("-dustrelayfee", ""));
+        }
+    }
+
+    mempool_opts.permit_bare_multisig = argsman.GetBoolArg("-permitbaremultisig", DEFAULT_PERMIT_BAREMULTISIG);
+
+    if (argsman.GetBoolArg("-datacarrier", DEFAULT_ACCEPT_DATACARRIER)) {
+        mempool_opts.max_datacarrier_bytes = argsman.GetIntArg("-datacarriersize", MAX_OP_RETURN_RELAY);
+    } else {
+        mempool_opts.max_datacarrier_bytes = std::nullopt;
+    }
+
+    mempool_opts.require_standard = !argsman.GetBoolArg("-acceptnonstdtxn", !chainparams.RequireStandard());
+    if (!chainparams.IsTestChain() && !mempool_opts.require_standard) {
+        return strprintf(Untranslated("acceptnonstdtxn is not currently supported for %s chain"), chainparams.NetworkIDString());
+    }
+
+    mempool_opts.full_rbf = argsman.GetBoolArg("-mempoolfullrbf", mempool_opts.full_rbf);
+
+    ApplyArgsManOptions(argsman, mempool_opts.limits);
+
+    return std::nullopt;
+}
diff --git a/src/mempool_args.h b/src/node/mempool_args.h
similarity index 57%
rename from src/mempool_args.h
rename to src/node/mempool_args.h
index 9a4abe6618..52d8b4f265 100644
--- a/src/mempool_args.h
+++ b/src/node/mempool_args.h
@@ -2,21 +2,26 @@
 // Distributed under the MIT software license, see the accompanying
 // file COPYING or http://www.opensource.org/licenses/mit-license.php.
 
-#ifndef BITCOIN_MEMPOOL_ARGS_H
-#define BITCOIN_MEMPOOL_ARGS_H
+#ifndef BITCOIN_NODE_MEMPOOL_ARGS_H
+#define BITCOIN_NODE_MEMPOOL_ARGS_H
+
+#include <optional>
 
 class ArgsManager;
+class CChainParams;
+struct bilingual_str;
 namespace kernel {
 struct MemPoolOptions;
 };
 
 /**
  * Overlay the options set in \p argsman on top of corresponding members in \p mempool_opts.
+ * Returns an error if one was encountered.
  *
  * @param[in]  argsman The ArgsManager in which to check set options.
  * @param[in,out] mempool_opts The MemPoolOptions to modify according to \p argsman.
  */
-void ApplyArgsManOptions(const ArgsManager& argsman, kernel::MemPoolOptions& mempool_opts);
+[[nodiscard]] std::optional<bilingual_str> ApplyArgsManOptions(const ArgsManager& argsman, const CChainParams& chainparams, kernel::MemPoolOptions& mempool_opts);
 
 
-#endif // BITCOIN_MEMPOOL_ARGS_H
+#endif // BITCOIN_NODE_MEMPOOL_ARGS_H
diff --git a/src/node/psbt.cpp b/src/node/psbt.cpp
index 5a932f435d..57162cd679 100644
--- a/src/node/psbt.cpp
+++ b/src/node/psbt.cpp
@@ -137,7 +137,7 @@ PSBTAnalysis AnalyzePSBT(PartiallySignedTransaction psbtx)
 
         if (success) {
             CTransaction ctx = CTransaction(mtx);
-            size_t size = GetVirtualTransactionSize(ctx, GetTransactionSigOpCost(ctx, view, STANDARD_SCRIPT_VERIFY_FLAGS));
+            size_t size(GetVirtualTransactionSize(ctx, GetTransactionSigOpCost(ctx, view, STANDARD_SCRIPT_VERIFY_FLAGS), ::nBytesPerSigOp));
             result.estimated_vsize = size;
             // Estimate fee rate
             CFeeRate feerate(fee, size);
diff --git a/src/policy/policy.cpp b/src/policy/policy.cpp
index f6452266b7..5086542865 100644
--- a/src/policy/policy.cpp
+++ b/src/policy/policy.cpp
@@ -67,7 +67,7 @@ bool IsDust(const CTxOut& txout, const CFeeRate& dustRelayFeeIn)
     return (txout.nValue < GetDustThreshold(txout, dustRelayFeeIn));
 }
 
-bool IsStandard(const CScript& scriptPubKey, TxoutType& whichType)
+bool IsStandard(const CScript& scriptPubKey, const std::optional<unsigned>& max_datacarrier_bytes, TxoutType& whichType)
 {
     std::vector<std::vector<unsigned char> > vSolutions;
     whichType = Solver(scriptPubKey, vSolutions);
@@ -82,15 +82,16 @@ bool IsStandard(const CScript& scriptPubKey, TxoutType& whichType)
             return false;
         if (m < 1 || m > n)
             return false;
-    } else if (whichType == TxoutType::NULL_DATA &&
-               (!fAcceptDatacarrier || scriptPubKey.size() > nMaxDatacarrierBytes)) {
-          return false;
+    } else if (whichType == TxoutType::NULL_DATA) {
+        if (!max_datacarrier_bytes || scriptPubKey.size() > *max_datacarrier_bytes) {
+            return false;
+        }
     }
 
     return true;
 }
 
-bool IsStandardTx(const CTransaction& tx, bool permit_bare_multisig, const CFeeRate& dust_relay_fee, std::string& reason)
+bool IsStandardTx(const CTransaction& tx, const std::optional<unsigned>& max_datacarrier_bytes, bool permit_bare_multisig, const CFeeRate& dust_relay_fee, std::string& reason)
 {
     if (tx.nVersion > TX_MAX_STANDARD_VERSION || tx.nVersion < 1) {
         reason = "version";
@@ -130,7 +131,7 @@ bool IsStandardTx(const CTransaction& tx, bool permit_bare_multisig, const CFeeR
     unsigned int nDataOut = 0;
     TxoutType whichType;
     for (const CTxOut& txout : tx.vout) {
-        if (!::IsStandard(txout.scriptPubKey, whichType)) {
+        if (!::IsStandard(txout.scriptPubKey, max_datacarrier_bytes, whichType)) {
             reason = "scriptpubkey";
             return false;
         }
diff --git a/src/policy/policy.h b/src/policy/policy.h
index cd98a601a3..3d2660b081 100644
--- a/src/policy/policy.h
+++ b/src/policy/policy.h
@@ -47,8 +47,8 @@ static constexpr unsigned int MAX_STANDARD_TAPSCRIPT_STACK_ITEM_SIZE{80};
 static constexpr unsigned int MAX_STANDARD_P2WSH_SCRIPT_SIZE{3600};
 /** The maximum size of a standard ScriptSig */
 static constexpr unsigned int MAX_STANDARD_SCRIPTSIG_SIZE{1650};
-/** Min feerate for defining dust. Historically this has been based on the
- * minRelayTxFee, however changing the dust limit changes which transactions are
+/** Min feerate for defining dust.
+ * Changing the dust limit changes which transactions are
  * standard and should be done with care and ideally rarely. It makes sense to
  * only increase the dust limit after prior releases were already not creating
  * outputs below the new threshold */
@@ -105,7 +105,7 @@ CAmount GetDustThreshold(const CTxOut& txout, const CFeeRate& dustRelayFee);
 
 bool IsDust(const CTxOut& txout, const CFeeRate& dustRelayFee);
 
-bool IsStandard(const CScript& scriptPubKey, TxoutType& whichType);
+bool IsStandard(const CScript& scriptPubKey, const std::optional<unsigned>& max_datacarrier_bytes, TxoutType& whichType);
 
 
 // Changing the default transaction version requires a two step process: first
@@ -117,7 +117,7 @@ static constexpr decltype(CTransaction::nVersion) TX_MAX_STANDARD_VERSION{2};
 * Check for standard transaction types
 * @return True if all outputs (scriptPubKeys) use only standard transaction forms
 */
-bool IsStandardTx(const CTransaction& tx, bool permit_bare_multisig, const CFeeRate& dust_relay_fee, std::string& reason);
+bool IsStandardTx(const CTransaction& tx, const std::optional<unsigned>& max_datacarrier_bytes, bool permit_bare_multisig, const CFeeRate& dust_relay_fee, std::string& reason);
 /**
 * Check for standard transaction types
 * @param[in] mapInputs       Map of previous transactions that have outputs we're spending
diff --git a/src/policy/settings.cpp b/src/policy/settings.cpp
index 0b67d274ce..39e00f1111 100644
--- a/src/policy/settings.cpp
+++ b/src/policy/settings.cpp
@@ -5,11 +5,6 @@
 
 #include <policy/settings.h>
 
-#include <policy/feerate.h>
 #include <policy/policy.h>
 
-bool fIsBareMultisigStd = DEFAULT_PERMIT_BAREMULTISIG;
-CFeeRate incrementalRelayFee = CFeeRate(DEFAULT_INCREMENTAL_RELAY_FEE);
-CFeeRate dustRelayFee = CFeeRate(DUST_RELAY_TX_FEE);
-CFeeRate minRelayTxFee = CFeeRate(DEFAULT_MIN_RELAY_TX_FEE);
 unsigned int nBytesPerSigOp = DEFAULT_BYTES_PER_SIGOP;
diff --git a/src/policy/settings.h b/src/policy/settings.h
index 2311d01fe8..f0d6f779ae 100644
--- a/src/policy/settings.h
+++ b/src/policy/settings.h
@@ -6,35 +6,6 @@
 #ifndef BITCOIN_POLICY_SETTINGS_H
 #define BITCOIN_POLICY_SETTINGS_H
 
-#include <policy/feerate.h>
-#include <policy/policy.h>
-
-#include <cstdint>
-#include <string>
-
-class CTransaction;
-
-// Policy settings which are configurable at runtime.
-extern CFeeRate incrementalRelayFee;
-extern CFeeRate dustRelayFee;
-/** A fee rate smaller than this is considered zero fee (for relaying, mining and transaction creation) */
-extern CFeeRate minRelayTxFee;
 extern unsigned int nBytesPerSigOp;
-extern bool fIsBareMultisigStd;
-
-static inline bool IsStandardTx(const CTransaction& tx, std::string& reason)
-{
-    return IsStandardTx(tx, ::fIsBareMultisigStd, ::dustRelayFee, reason);
-}
-
-static inline int64_t GetVirtualTransactionSize(int64_t weight, int64_t sigop_cost)
-{
-    return GetVirtualTransactionSize(weight, sigop_cost, ::nBytesPerSigOp);
-}
-
-static inline int64_t GetVirtualTransactionSize(const CTransaction& tx, int64_t sigop_cost)
-{
-    return GetVirtualTransactionSize(tx, sigop_cost, ::nBytesPerSigOp);
-}
 
 #endif // BITCOIN_POLICY_SETTINGS_H
diff --git a/src/rpc/fees.cpp b/src/rpc/fees.cpp
index 41f386d443..aa047bdea8 100644
--- a/src/rpc/fees.cpp
+++ b/src/rpc/fees.cpp
@@ -6,7 +6,6 @@
 #include <core_io.h>
 #include <policy/feerate.h>
 #include <policy/fees.h>
-#include <policy/settings.h>
 #include <rpc/protocol.h>
 #include <rpc/request.h>
 #include <rpc/server.h>
@@ -88,7 +87,7 @@ static RPCHelpMan estimatesmartfee()
             CFeeRate feeRate{fee_estimator.estimateSmartFee(conf_target, &feeCalc, conservative)};
             if (feeRate != CFeeRate(0)) {
                 CFeeRate min_mempool_feerate{mempool.GetMinFee()};
-                CFeeRate min_relay_feerate{::minRelayTxFee};
+                CFeeRate min_relay_feerate{mempool.m_min_relay_feerate};
                 feeRate = std::max({feeRate, min_mempool_feerate, min_relay_feerate});
                 result.pushKV("feerate", ValueFromAmount(feeRate.GetFeePerK()));
             } else {
diff --git a/src/rpc/mempool.cpp b/src/rpc/mempool.cpp
index 0ae10b6c39..02b51ce0a0 100644
--- a/src/rpc/mempool.cpp
+++ b/src/rpc/mempool.cpp
@@ -666,9 +666,9 @@ UniValue MempoolInfoToJSON(const CTxMemPool& pool)
     ret.pushKV("usage", (int64_t)pool.DynamicMemoryUsage());
     ret.pushKV("total_fee", ValueFromAmount(pool.GetTotalFee()));
     ret.pushKV("maxmempool", pool.m_max_size_bytes);
-    ret.pushKV("mempoolminfee", ValueFromAmount(std::max(pool.GetMinFee(), ::minRelayTxFee).GetFeePerK()));
-    ret.pushKV("minrelaytxfee", ValueFromAmount(::minRelayTxFee.GetFeePerK()));
-    ret.pushKV("incrementalrelayfee", ValueFromAmount(::incrementalRelayFee.GetFeePerK()));
+    ret.pushKV("mempoolminfee", ValueFromAmount(std::max(pool.GetMinFee(), pool.m_min_relay_feerate).GetFeePerK()));
+    ret.pushKV("minrelaytxfee", ValueFromAmount(pool.m_min_relay_feerate.GetFeePerK()));
+    ret.pushKV("incrementalrelayfee", ValueFromAmount(pool.m_incremental_relay_feerate.GetFeePerK()));
     ret.pushKV("unbroadcastcount", uint64_t{pool.GetUnbroadcastTxs().size()});
     ret.pushKV("fullrbf", pool.m_full_rbf);
     return ret;
diff --git a/src/rpc/net.cpp b/src/rpc/net.cpp
index 059be61bb4..0ee905a77a 100644
--- a/src/rpc/net.cpp
+++ b/src/rpc/net.cpp
@@ -645,8 +645,11 @@ static RPCHelpMan getnetworkinfo()
         obj.pushKV("connections_out", node.connman->GetNodeCount(ConnectionDirection::Out));
     }
     obj.pushKV("networks",      GetNetworksInfo());
-    obj.pushKV("relayfee",      ValueFromAmount(::minRelayTxFee.GetFeePerK()));
-    obj.pushKV("incrementalfee", ValueFromAmount(::incrementalRelayFee.GetFeePerK()));
+    if (node.mempool) {
+        // Those fields can be deprecated, to be replaced by the getmempoolinfo fields
+        obj.pushKV("relayfee", ValueFromAmount(node.mempool->m_min_relay_feerate.GetFeePerK()));
+        obj.pushKV("incrementalfee", ValueFromAmount(node.mempool->m_incremental_relay_feerate.GetFeePerK()));
+    }
     UniValue localAddresses(UniValue::VARR);
     {
         LOCK(g_maplocalhost_mutex);
diff --git a/src/script/standard.cpp b/src/script/standard.cpp
index b3f6a1b669..6101738061 100644
--- a/src/script/standard.cpp
+++ b/src/script/standard.cpp
@@ -16,9 +16,6 @@
 
 typedef std::vector<unsigned char> valtype;
 
-bool fAcceptDatacarrier = DEFAULT_ACCEPT_DATACARRIER;
-unsigned nMaxDatacarrierBytes = MAX_OP_RETURN_RELAY;
-
 CScriptID::CScriptID(const CScript& in) : BaseHash(Hash160(in)) {}
 CScriptID::CScriptID(const ScriptHash& in) : BaseHash(static_cast<uint160>(in)) {}
 
diff --git a/src/script/standard.h b/src/script/standard.h
index 448fdff010..1e6769782a 100644
--- a/src/script/standard.h
+++ b/src/script/standard.h
@@ -33,20 +33,11 @@ public:
 };
 
 /**
- * Default setting for nMaxDatacarrierBytes. 80 bytes of data, +1 for OP_RETURN,
+ * Default setting for -datacarriersize. 80 bytes of data, +1 for OP_RETURN,
  * +2 for the pushdata opcodes.
  */
 static const unsigned int MAX_OP_RETURN_RELAY = 83;
 
-/**
- * A data carrying output is an unspendable output containing data. The script
- * type is designated as TxoutType::NULL_DATA.
- */
-extern bool fAcceptDatacarrier;
-
-/** Maximum size of TxoutType::NULL_DATA scripts that this node considers standard. */
-extern unsigned nMaxDatacarrierBytes;
-
 /**
  * Mandatory script verification flags that all new blocks must comply with for
  * them to be valid. (but old blocks may not comply with) Currently just P2SH,
diff --git a/src/test/fuzz/integer.cpp b/src/test/fuzz/integer.cpp
index 72574612a2..c52fca5fe8 100644
--- a/src/test/fuzz/integer.cpp
+++ b/src/test/fuzz/integer.cpp
@@ -87,9 +87,6 @@ FUZZ_TARGET_INIT(integer, initialize_integer)
     }
     (void)GetSizeOfCompactSize(u64);
     (void)GetSpecialScriptSize(u32);
-    if (!MultiplicationOverflow(i64, static_cast<int64_t>(::nBytesPerSigOp)) && !AdditionOverflow(i64 * ::nBytesPerSigOp, static_cast<int64_t>(4))) {
-        (void)GetVirtualTransactionSize(i64, i64);
-    }
     if (!MultiplicationOverflow(i64, static_cast<int64_t>(u32)) && !AdditionOverflow(i64, static_cast<int64_t>(4)) && !AdditionOverflow(i64 * u32, static_cast<int64_t>(4))) {
         (void)GetVirtualTransactionSize(i64, i64, u32);
     }
diff --git a/src/test/fuzz/key.cpp b/src/test/fuzz/key.cpp
index bfea9778f4..6d2d2e2bc5 100644
--- a/src/test/fuzz/key.cpp
+++ b/src/test/fuzz/key.cpp
@@ -157,12 +157,12 @@ FUZZ_TARGET_INIT(key, initialize_key)
         assert(fillable_signing_provider_pub.HaveKey(pubkey.GetID()));
 
         TxoutType which_type_tx_pubkey;
-        const bool is_standard_tx_pubkey = IsStandard(tx_pubkey_script, which_type_tx_pubkey);
+        const bool is_standard_tx_pubkey = IsStandard(tx_pubkey_script, std::nullopt, which_type_tx_pubkey);
         assert(is_standard_tx_pubkey);
         assert(which_type_tx_pubkey == TxoutType::PUBKEY);
 
         TxoutType which_type_tx_multisig;
-        const bool is_standard_tx_multisig = IsStandard(tx_multisig_script, which_type_tx_multisig);
+        const bool is_standard_tx_multisig = IsStandard(tx_multisig_script, std::nullopt, which_type_tx_multisig);
         assert(is_standard_tx_multisig);
         assert(which_type_tx_multisig == TxoutType::MULTISIG);
 
diff --git a/src/test/fuzz/rbf.cpp b/src/test/fuzz/rbf.cpp
index 4801635791..1a06ae886e 100644
--- a/src/test/fuzz/rbf.cpp
+++ b/src/test/fuzz/rbf.cpp
@@ -2,7 +2,7 @@
 // Distributed under the MIT software license, see the accompanying
 // file COPYING or http://www.opensource.org/licenses/mit-license.php.
 
-#include <mempool_args.h>
+#include <node/mempool_args.h>
 #include <policy/rbf.h>
 #include <primitives/transaction.h>
 #include <sync.h>
diff --git a/src/test/fuzz/script.cpp b/src/test/fuzz/script.cpp
index fdcd0da37d..69a4b782aa 100644
--- a/src/test/fuzz/script.cpp
+++ b/src/test/fuzz/script.cpp
@@ -55,7 +55,7 @@ FUZZ_TARGET_INIT(script, initialize_script)
     }
 
     TxoutType which_type;
-    bool is_standard_ret = IsStandard(script, which_type);
+    bool is_standard_ret = IsStandard(script, std::nullopt, which_type);
     if (!is_standard_ret) {
         assert(which_type == TxoutType::NONSTANDARD ||
                which_type == TxoutType::NULL_DATA ||
diff --git a/src/test/fuzz/transaction.cpp b/src/test/fuzz/transaction.cpp
index 273aa0dc5c..7fa4523800 100644
--- a/src/test/fuzz/transaction.cpp
+++ b/src/test/fuzz/transaction.cpp
@@ -69,8 +69,8 @@ FUZZ_TARGET_INIT(transaction, initialize_transaction)
 
     const CFeeRate dust_relay_fee{DUST_RELAY_TX_FEE};
     std::string reason;
-    const bool is_standard_with_permit_bare_multisig = IsStandardTx(tx, /* permit_bare_multisig= */ true, dust_relay_fee, reason);
-    const bool is_standard_without_permit_bare_multisig = IsStandardTx(tx, /* permit_bare_multisig= */ false, dust_relay_fee, reason);
+    const bool is_standard_with_permit_bare_multisig = IsStandardTx(tx, std::nullopt, /* permit_bare_multisig= */ true, dust_relay_fee, reason);
+    const bool is_standard_without_permit_bare_multisig = IsStandardTx(tx, std::nullopt, /* permit_bare_multisig= */ false, dust_relay_fee, reason);
     if (is_standard_without_permit_bare_multisig) {
         assert(is_standard_with_permit_bare_multisig);
     }
@@ -92,7 +92,6 @@ FUZZ_TARGET_INIT(transaction, initialize_transaction)
     (void)GetTransactionWeight(tx);
     (void)GetVirtualTransactionSize(tx);
     (void)IsFinalTx(tx, /* nBlockHeight= */ 1024, /* nBlockTime= */ 1024);
-    (void)IsStandardTx(tx, reason);
     (void)RecursiveDynamicUsage(tx);
     (void)SignalsOptInRBF(tx);
 
diff --git a/src/test/fuzz/tx_pool.cpp b/src/test/fuzz/tx_pool.cpp
index cfb112879a..3191367870 100644
--- a/src/test/fuzz/tx_pool.cpp
+++ b/src/test/fuzz/tx_pool.cpp
@@ -3,8 +3,8 @@
 // file COPYING or http://www.opensource.org/licenses/mit-license.php.
 
 #include <consensus/validation.h>
-#include <mempool_args.h>
 #include <node/context.h>
+#include <node/mempool_args.h>
 #include <node/miner.h>
 #include <test/fuzz/FuzzedDataProvider.h>
 #include <test/fuzz/fuzz.h>
@@ -116,7 +116,7 @@ void MockTime(FuzzedDataProvider& fuzzed_data_provider, const CChainState& chain
     SetMockTime(time);
 }
 
-CTxMemPool MakeMempool(const NodeContext& node)
+CTxMemPool MakeMempool(FuzzedDataProvider& fuzzed_data_provider, const NodeContext& node)
 {
     // Take the default options for tests...
     CTxMemPool::Options mempool_opts{MemPoolOptionsForTest(node)};
@@ -124,6 +124,7 @@ CTxMemPool MakeMempool(const NodeContext& node)
     // ...override specific options for this specific fuzz suite
     mempool_opts.estimator = nullptr;
     mempool_opts.check_ratio = 1;
+    mempool_opts.require_standard = fuzzed_data_provider.ConsumeBool();
 
     // ...and construct a CTxMemPool from it
     return CTxMemPool{mempool_opts};
@@ -150,7 +151,7 @@ FUZZ_TARGET_INIT(tx_pool_standard, initialize_tx_pool)
     constexpr CAmount SUPPLY_TOTAL{COINBASE_MATURITY * 50 * COIN};
 
     SetMempoolConstraints(*node.args, fuzzed_data_provider);
-    CTxMemPool tx_pool_{MakeMempool(node)};
+    CTxMemPool tx_pool_{MakeMempool(fuzzed_data_provider, node)};
     MockedTxPool& tx_pool = *static_cast<MockedTxPool*>(&tx_pool_);
 
     chainstate.SetMempool(&tx_pool);
@@ -237,7 +238,6 @@ FUZZ_TARGET_INIT(tx_pool_standard, initialize_tx_pool)
         auto txr = std::make_shared<TransactionsDelta>(removed, added);
         RegisterSharedValidationInterface(txr);
         const bool bypass_limits = fuzzed_data_provider.ConsumeBool();
-        ::fRequireStandard = fuzzed_data_provider.ConsumeBool();
 
         // Make sure ProcessNewPackage on one transaction works.
         // The result is not guaranteed to be the same as what is returned by ATMP.
@@ -325,7 +325,7 @@ FUZZ_TARGET_INIT(tx_pool, initialize_tx_pool)
     }
 
     SetMempoolConstraints(*node.args, fuzzed_data_provider);
-    CTxMemPool tx_pool_{MakeMempool(node)};
+    CTxMemPool tx_pool_{MakeMempool(fuzzed_data_provider, node)};
     MockedTxPool& tx_pool = *static_cast<MockedTxPool*>(&tx_pool_);
 
     LIMITED_WHILE(fuzzed_data_provider.ConsumeBool(), 300)
@@ -348,7 +348,6 @@ FUZZ_TARGET_INIT(tx_pool, initialize_tx_pool)
 
         const auto tx = MakeTransactionRef(mut_tx);
         const bool bypass_limits = fuzzed_data_provider.ConsumeBool();
-        ::fRequireStandard = fuzzed_data_provider.ConsumeBool();
         const auto res = WITH_LOCK(::cs_main, return AcceptToMemoryPool(chainstate, tx, GetTime(), bypass_limits, /*test_accept=*/false));
         const bool accepted = res.m_result_type == MempoolAcceptResult::ResultType::VALID;
         if (accepted) {
diff --git a/src/test/fuzz/validation_load_mempool.cpp b/src/test/fuzz/validation_load_mempool.cpp
index 90c1a71d9f..8241dff189 100644
--- a/src/test/fuzz/validation_load_mempool.cpp
+++ b/src/test/fuzz/validation_load_mempool.cpp
@@ -5,7 +5,7 @@
 #include <kernel/mempool_persist.h>
 
 #include <chainparamsbase.h>
-#include <mempool_args.h>
+#include <node/mempool_args.h>
 #include <node/mempool_persist_args.h>
 #include <test/fuzz/FuzzedDataProvider.h>
 #include <test/fuzz/fuzz.h>
diff --git a/src/test/multisig_tests.cpp b/src/test/multisig_tests.cpp
index dccc7ce795..ce23d6013d 100644
--- a/src/test/multisig_tests.cpp
+++ b/src/test/multisig_tests.cpp
@@ -141,23 +141,30 @@ BOOST_AUTO_TEST_CASE(multisig_IsStandard)
     for (int i = 0; i < 4; i++)
         key[i].MakeNewKey(true);
 
-    TxoutType whichType;
+    const auto is_standard{[](const CScript& spk) {
+        TxoutType type;
+        bool res{::IsStandard(spk, std::nullopt, type)};
+        if (res) {
+            BOOST_CHECK_EQUAL(type, TxoutType::MULTISIG);
+        }
+        return res;
+    }};
 
     CScript a_and_b;
     a_and_b << OP_2 << ToByteVector(key[0].GetPubKey()) << ToByteVector(key[1].GetPubKey()) << OP_2 << OP_CHECKMULTISIG;
-    BOOST_CHECK(::IsStandard(a_and_b, whichType));
+    BOOST_CHECK(is_standard(a_and_b));
 
     CScript a_or_b;
     a_or_b  << OP_1 << ToByteVector(key[0].GetPubKey()) << ToByteVector(key[1].GetPubKey()) << OP_2 << OP_CHECKMULTISIG;
-    BOOST_CHECK(::IsStandard(a_or_b, whichType));
+    BOOST_CHECK(is_standard(a_or_b));
 
     CScript escrow;
     escrow << OP_2 << ToByteVector(key[0].GetPubKey()) << ToByteVector(key[1].GetPubKey()) << ToByteVector(key[2].GetPubKey()) << OP_3 << OP_CHECKMULTISIG;
-    BOOST_CHECK(::IsStandard(escrow, whichType));
+    BOOST_CHECK(is_standard(escrow));
 
     CScript one_of_four;
     one_of_four << OP_1 << ToByteVector(key[0].GetPubKey()) << ToByteVector(key[1].GetPubKey()) << ToByteVector(key[2].GetPubKey()) << ToByteVector(key[3].GetPubKey()) << OP_4 << OP_CHECKMULTISIG;
-    BOOST_CHECK(!::IsStandard(one_of_four, whichType));
+    BOOST_CHECK(!is_standard(one_of_four));
 
     CScript malformed[6];
     malformed[0] << OP_3 << ToByteVector(key[0].GetPubKey()) << ToByteVector(key[1].GetPubKey()) << OP_2 << OP_CHECKMULTISIG;
@@ -167,8 +174,9 @@ BOOST_AUTO_TEST_CASE(multisig_IsStandard)
     malformed[4] << OP_1 << ToByteVector(key[0].GetPubKey()) << ToByteVector(key[1].GetPubKey()) << OP_CHECKMULTISIG;
     malformed[5] << OP_1 << ToByteVector(key[0].GetPubKey()) << ToByteVector(key[1].GetPubKey());
 
-    for (int i = 0; i < 6; i++)
-        BOOST_CHECK(!::IsStandard(malformed[i], whichType));
+    for (int i = 0; i < 6; i++) {
+        BOOST_CHECK(!is_standard(malformed[i]));
+    }
 }
 
 BOOST_AUTO_TEST_CASE(multisig_Sign)
diff --git a/src/test/script_p2sh_tests.cpp b/src/test/script_p2sh_tests.cpp
index a221e02d2f..6e810faa0a 100644
--- a/src/test/script_p2sh_tests.cpp
+++ b/src/test/script_p2sh_tests.cpp
@@ -18,6 +18,11 @@
 #include <boost/test/unit_test.hpp>
 
 // Helpers:
+bool IsStandardTx(const CTransaction& tx, std::string& reason)
+{
+    return IsStandardTx(tx, std::nullopt, DEFAULT_PERMIT_BAREMULTISIG, CFeeRate{DUST_RELAY_TX_FEE}, reason);
+}
+
 static std::vector<unsigned char>
 Serialize(const CScript& s)
 {
@@ -49,7 +54,6 @@ BOOST_FIXTURE_TEST_SUITE(script_p2sh_tests, BasicTestingSetup)
 
 BOOST_AUTO_TEST_CASE(sign)
 {
-    LOCK(cs_main);
     // Pay-to-script-hash looks like this:
     // scriptSig:    <sig> <sig...> <serialized_script>
     // scriptPubKey: HASH160 <hash> EQUAL
@@ -149,7 +153,6 @@ BOOST_AUTO_TEST_CASE(norecurse)
 
 BOOST_AUTO_TEST_CASE(set)
 {
-    LOCK(cs_main);
     // Test the CScript::Set* methods
     FillableSigningProvider keystore;
     CKey key[4];
@@ -263,7 +266,6 @@ BOOST_AUTO_TEST_CASE(switchover)
 
 BOOST_AUTO_TEST_CASE(AreInputsStandard)
 {
-    LOCK(cs_main);
     CCoinsView coinsDummy;
     CCoinsViewCache coins(&coinsDummy);
     FillableSigningProvider keystore;
diff --git a/src/test/transaction_tests.cpp b/src/test/transaction_tests.cpp
index 4e6c223ccc..cd6bf11327 100644
--- a/src/test/transaction_tests.cpp
+++ b/src/test/transaction_tests.cpp
@@ -40,6 +40,9 @@ typedef std::vector<unsigned char> valtype;
 // In script_tests.cpp
 UniValue read_json(const std::string& jsondata);
 
+static CFeeRate g_dust{DUST_RELAY_TX_FEE};
+static bool g_bare_multi{DEFAULT_PERMIT_BAREMULTISIG};
+
 static std::map<std::string, unsigned int> mapFlagNames = {
     {std::string("P2SH"), (unsigned int)SCRIPT_VERIFY_P2SH},
     {std::string("STRICTENC"), (unsigned int)SCRIPT_VERIFY_STRICTENC},
@@ -745,7 +748,6 @@ BOOST_AUTO_TEST_CASE(test_witness)
 
 BOOST_AUTO_TEST_CASE(test_IsStandard)
 {
-    LOCK(cs_main);
     FillableSigningProvider keystore;
     CCoinsView coinsDummy;
     CCoinsViewCache coins(&coinsDummy);
@@ -765,19 +767,19 @@ BOOST_AUTO_TEST_CASE(test_IsStandard)
 
     constexpr auto CheckIsStandard = [](const auto& t) {
         std::string reason;
-        BOOST_CHECK(IsStandardTx(CTransaction(t), reason));
+        BOOST_CHECK(IsStandardTx(CTransaction{t}, MAX_OP_RETURN_RELAY, g_bare_multi, g_dust, reason));
         BOOST_CHECK(reason.empty());
     };
     constexpr auto CheckIsNotStandard = [](const auto& t, const std::string& reason_in) {
         std::string reason;
-        BOOST_CHECK(!IsStandardTx(CTransaction(t), reason));
+        BOOST_CHECK(!IsStandardTx(CTransaction{t}, MAX_OP_RETURN_RELAY, g_bare_multi, g_dust, reason));
         BOOST_CHECK_EQUAL(reason_in, reason);
     };
 
     CheckIsStandard(t);
 
     // Check dust with default relay fee:
-    CAmount nDustThreshold = 182 * dustRelayFee.GetFeePerK() / 1000;
+    CAmount nDustThreshold = 182 * g_dust.GetFeePerK() / 1000;
     BOOST_CHECK_EQUAL(nDustThreshold, 546);
     // dust:
     t.vout[0].nValue = nDustThreshold - 1;
@@ -805,14 +807,14 @@ BOOST_AUTO_TEST_CASE(test_IsStandard)
 
     // Check dust with odd relay fee to verify rounding:
     // nDustThreshold = 182 * 3702 / 1000
-    dustRelayFee = CFeeRate(3702);
+    g_dust = CFeeRate(3702);
     // dust:
     t.vout[0].nValue = 674 - 1;
     CheckIsNotStandard(t, "dust");
     // not dust:
     t.vout[0].nValue = 674;
     CheckIsStandard(t);
-    dustRelayFee = CFeeRate(DUST_RELAY_TX_FEE);
+    g_dust = CFeeRate{DUST_RELAY_TX_FEE};
 
     t.vout[0].scriptPubKey = CScript() << OP_1;
     CheckIsNotStandard(t, "scriptpubkey");
@@ -924,16 +926,16 @@ BOOST_AUTO_TEST_CASE(test_IsStandard)
     BOOST_CHECK_EQUAL(GetTransactionWeight(CTransaction(t)), 400004);
     CheckIsNotStandard(t, "tx-size");
 
-    // Check bare multisig (standard if policy flag fIsBareMultisigStd is set)
-    fIsBareMultisigStd = true;
+    // Check bare multisig (standard if policy flag g_bare_multi is set)
+    g_bare_multi = true;
     t.vout[0].scriptPubKey = GetScriptForMultisig(1, {key.GetPubKey()}); // simple 1-of-1
     t.vin.resize(1);
     t.vin[0].scriptSig = CScript() << std::vector<unsigned char>(65, 0);
     CheckIsStandard(t);
 
-    fIsBareMultisigStd = false;
+    g_bare_multi = false;
     CheckIsNotStandard(t, "bare-multisig");
-    fIsBareMultisigStd = DEFAULT_PERMIT_BAREMULTISIG;
+    g_bare_multi = DEFAULT_PERMIT_BAREMULTISIG;
 
     // Check P2WPKH outputs dust threshold
     t.vout[0].scriptPubKey = CScript() << OP_0 << ParseHex("ffffffffffffffffffffffffffffffffffffffff");
diff --git a/src/test/util/setup_common.cpp b/src/test/util/setup_common.cpp
index 67984721a3..dc6e000c65 100644
--- a/src/test/util/setup_common.cpp
+++ b/src/test/util/setup_common.cpp
@@ -14,12 +14,12 @@
 #include <init.h>
 #include <init/common.h>
 #include <interfaces/chain.h>
-#include <mempool_args.h>
 #include <net.h>
 #include <net_processing.h>
 #include <node/blockstorage.h>
 #include <node/chainstate.h>
 #include <node/context.h>
+#include <node/mempool_args.h>
 #include <node/miner.h>
 #include <noui.h>
 #include <policy/fees.h>
@@ -160,7 +160,8 @@ CTxMemPool::Options MemPoolOptionsForTest(const NodeContext& node)
         // chainparams.DefaultConsistencyChecks for tests
         .check_ratio = 1,
     };
-    ApplyArgsManOptions(*node.args, mempool_opts);
+    const auto err{ApplyArgsManOptions(*node.args, ::Params(), mempool_opts)};
+    Assert(!err);
     return mempool_opts;
 }
 
diff --git a/src/txmempool.cpp b/src/txmempool.cpp
index 7eff6bdbe3..b151953d0d 100644
--- a/src/txmempool.cpp
+++ b/src/txmempool.cpp
@@ -106,7 +106,7 @@ void CTxMemPoolEntry::UpdateLockPoints(const LockPoints& lp)
 
 size_t CTxMemPoolEntry::GetTxSize() const
 {
-    return GetVirtualTransactionSize(nTxWeight, sigOpCost);
+    return GetVirtualTransactionSize(nTxWeight, sigOpCost, ::nBytesPerSigOp);
 }
 
 void CTxMemPool::UpdateForDescendants(txiter updateIt, cacheMap& cachedDescendants,
@@ -458,6 +458,12 @@ CTxMemPool::CTxMemPool(const Options& opts)
       minerPolicyEstimator{opts.estimator},
       m_max_size_bytes{opts.max_size_bytes},
       m_expiry{opts.expiry},
+      m_incremental_relay_feerate{opts.incremental_relay_feerate},
+      m_min_relay_feerate{opts.min_relay_feerate},
+      m_dust_relay_feerate{opts.dust_relay_feerate},
+      m_permit_bare_multisig{opts.permit_bare_multisig},
+      m_max_datacarrier_bytes{opts.max_datacarrier_bytes},
+      m_require_standard{opts.require_standard},
       m_full_rbf{opts.full_rbf},
       m_limits{opts.limits}
 {
@@ -1117,12 +1123,12 @@ CFeeRate CTxMemPool::GetMinFee(size_t sizelimit) const {
         rollingMinimumFeeRate = rollingMinimumFeeRate / pow(2.0, (time - lastRollingFeeUpdate) / halflife);
         lastRollingFeeUpdate = time;
 
-        if (rollingMinimumFeeRate < (double)incrementalRelayFee.GetFeePerK() / 2) {
+        if (rollingMinimumFeeRate < (double)m_incremental_relay_feerate.GetFeePerK() / 2) {
             rollingMinimumFeeRate = 0;
             return CFeeRate(0);
         }
     }
-    return std::max(CFeeRate(llround(rollingMinimumFeeRate)), incrementalRelayFee);
+    return std::max(CFeeRate(llround(rollingMinimumFeeRate)), m_incremental_relay_feerate);
 }
 
 void CTxMemPool::trackPackageRemoved(const CFeeRate& rate) {
@@ -1146,7 +1152,7 @@ void CTxMemPool::TrimToSize(size_t sizelimit, std::vector<COutPoint>* pvNoSpends
         // to have 0 fee). This way, we don't allow txn to enter mempool with feerate
         // equal to txn which were removed with no block in between.
         CFeeRate removed(it->GetModFeesWithDescendants(), it->GetSizeWithDescendants());
-        removed += incrementalRelayFee;
+        removed += m_incremental_relay_feerate;
         trackPackageRemoved(removed);
         maxFeeRateRemoved = std::max(maxFeeRateRemoved, removed);
 
diff --git a/src/txmempool.h b/src/txmempool.h
index d7d308038c..73904cc370 100644
--- a/src/txmempool.h
+++ b/src/txmempool.h
@@ -568,6 +568,12 @@ public:
 
     const int64_t m_max_size_bytes;
     const std::chrono::seconds m_expiry;
+    const CFeeRate m_incremental_relay_feerate;
+    const CFeeRate m_min_relay_feerate;
+    const CFeeRate m_dust_relay_feerate;
+    const bool m_permit_bare_multisig;
+    const std::optional<unsigned> m_max_datacarrier_bytes;
+    const bool m_require_standard;
     const bool m_full_rbf;
 
     using Limits = kernel::MemPoolLimits;
@@ -702,11 +708,11 @@ public:
     void CalculateDescendants(txiter it, setEntries& setDescendants) const EXCLUSIVE_LOCKS_REQUIRED(cs);
 
     /** The minimum fee to get into the mempool, which may itself not be enough
-      *  for larger-sized transactions.
-      *  The incrementalRelayFee policy variable is used to bound the time it
-      *  takes the fee rate to go back down all the way to 0. When the feerate
-      *  would otherwise be half of this, it is set to 0 instead.
-      */
+     *  for larger-sized transactions.
+     *  The m_incremental_relay_feerate policy variable is used to bound the time it
+     *  takes the fee rate to go back down all the way to 0. When the feerate
+     *  would otherwise be half of this, it is set to 0 instead.
+     */
     CFeeRate GetMinFee() const {
         return GetMinFee(m_max_size_bytes);
     }
diff --git a/src/validation.cpp b/src/validation.cpp
index 17211956f5..d018d185e9 100644
--- a/src/validation.cpp
+++ b/src/validation.cpp
@@ -124,7 +124,6 @@ GlobalMutex g_best_block_mutex;
 std::condition_variable g_best_block_cv;
 uint256 g_best_block;
 bool g_parallel_script_checks{false};
-bool fRequireStandard = true;
 bool fCheckBlockIndex = false;
 bool fCheckpointsEnabled = DEFAULT_CHECKPOINTS_ENABLED;
 int64_t nMaxTipAge = DEFAULT_MAX_TIP_AGE;
@@ -647,8 +646,9 @@ private:
             return state.Invalid(TxValidationResult::TX_MEMPOOL_POLICY, "mempool min fee not met", strprintf("%d < %d", package_fee, mempoolRejectFee));
         }
 
-        if (package_fee < ::minRelayTxFee.GetFee(package_size)) {
-            return state.Invalid(TxValidationResult::TX_MEMPOOL_POLICY, "min relay fee not met", strprintf("%d < %d", package_fee, ::minRelayTxFee.GetFee(package_size)));
+        if (package_fee < m_pool.m_min_relay_feerate.GetFee(package_size)) {
+            return state.Invalid(TxValidationResult::TX_MEMPOOL_POLICY, "min relay fee not met",
+                                 strprintf("%d < %d", package_fee, m_pool.m_min_relay_feerate.GetFee(package_size)));
         }
         return true;
     }
@@ -700,8 +700,9 @@ bool MemPoolAccept::PreChecks(ATMPArgs& args, Workspace& ws)
 
     // Rather not work on nonstandard transactions (unless -testnet/-regtest)
     std::string reason;
-    if (fRequireStandard && !IsStandardTx(tx, reason))
+    if (m_pool.m_require_standard && !IsStandardTx(tx, m_pool.m_max_datacarrier_bytes, m_pool.m_permit_bare_multisig, m_pool.m_dust_relay_feerate, reason)) {
         return state.Invalid(TxValidationResult::TX_NOT_STANDARD, reason);
+    }
 
     // Do not work on transactions that are too small.
     // A transaction with 1 segwit input and 1 P2WPHK output has non-witness size of 82 bytes.
@@ -807,13 +808,14 @@ bool MemPoolAccept::PreChecks(ATMPArgs& args, Workspace& ws)
         return false; // state filled in by CheckTxInputs
     }
 
-    if (fRequireStandard && !AreInputsStandard(tx, m_view)) {
+    if (m_pool.m_require_standard && !AreInputsStandard(tx, m_view)) {
         return state.Invalid(TxValidationResult::TX_INPUTS_NOT_STANDARD, "bad-txns-nonstandard-inputs");
     }
 
     // Check for non-standard witnesses.
-    if (tx.HasWitness() && fRequireStandard && !IsWitnessStandard(tx, m_view))
+    if (tx.HasWitness() && m_pool.m_require_standard && !IsWitnessStandard(tx, m_view)) {
         return state.Invalid(TxValidationResult::TX_WITNESS_MUTATED, "bad-witness-nonstandard");
+    }
 
     int64_t nSigOpsCost = GetTransactionSigOpCost(tx, m_view, STANDARD_SCRIPT_VERIFY_FLAGS);
 
@@ -840,7 +842,7 @@ bool MemPoolAccept::PreChecks(ATMPArgs& args, Workspace& ws)
         return state.Invalid(TxValidationResult::TX_NOT_STANDARD, "bad-txns-too-many-sigops",
                 strprintf("%d", nSigOpsCost));
 
-    // No individual transactions are allowed below minRelayTxFee and mempool min fee except from
+    // No individual transactions are allowed below the min relay feerate and mempool min feerate except from
     // disconnected blocks and transactions in a package. Package transactions will be checked using
     // package feerate later.
     if (!bypass_limits && !args.m_package_feerates && !CheckFeeRate(ws.m_vsize, ws.m_modified_fees, state)) return false;
@@ -958,7 +960,7 @@ bool MemPoolAccept::ReplacementChecks(Workspace& ws)
         ws.m_conflicting_size += it->GetTxSize();
     }
     if (const auto err_string{PaysForRBF(ws.m_conflicting_fees, ws.m_modified_fees, ws.m_vsize,
-                                         ::incrementalRelayFee, hash)}) {
+                                         m_pool.m_incremental_relay_feerate, hash)}) {
         return state.Invalid(TxValidationResult::TX_MEMPOOL_POLICY, "insufficient fee", *err_string);
     }
     return true;
diff --git a/src/validation.h b/src/validation.h
index 9fef69799b..df9146852f 100644
--- a/src/validation.h
+++ b/src/validation.h
@@ -100,7 +100,6 @@ extern uint256 g_best_block;
  * False indicates all script checking is done on the main threadMessageHandler thread.
  */
 extern bool g_parallel_script_checks;
-extern bool fRequireStandard;
 extern bool fCheckBlockIndex;
 extern bool fCheckpointsEnabled;
 /** If the tip is older than this (in seconds), the node is considered to be in initial block download. */
diff --git a/src/wallet/fees.cpp b/src/wallet/fees.cpp
index 6f81fa30a1..3514d018b7 100644
--- a/src/wallet/fees.cpp
+++ b/src/wallet/fees.cpp
@@ -87,7 +87,7 @@ CFeeRate GetDiscardRate(const CWallet& wallet)
     CFeeRate discard_rate = wallet.chain().estimateSmartFee(highest_target, false /* conservative */);
     // Don't let discard_rate be greater than longest possible fee estimate if we get a valid fee estimate
     discard_rate = (discard_rate == CFeeRate(0)) ? wallet.m_discard_rate : std::min(discard_rate, wallet.m_discard_rate);
-    // Discard rate must be at least dustRelayFee
+    // Discard rate must be at least dust relay feerate
     discard_rate = std::max(discard_rate, wallet.chain().relayDustFee());
     return discard_rate;
 }
diff --git a/test/functional/p2p_segwit.py b/test/functional/p2p_segwit.py
index db6954ccf6..311b0b67db 100755
--- a/test/functional/p2p_segwit.py
+++ b/test/functional/p2p_segwit.py
@@ -245,7 +245,7 @@ class SegWitTest(BitcoinTestFramework):
         self.test_node = self.nodes[0].add_p2p_connection(TestP2PConn(), services=P2P_SERVICES)
         # self.old_node sets only NODE_NETWORK
         self.old_node = self.nodes[0].add_p2p_connection(TestP2PConn(), services=NODE_NETWORK)
-        # self.std_node is for testing node1 (fRequireStandard=true)
+        # self.std_node is for testing node1 (requires standard txs)
         self.std_node = self.nodes[1].add_p2p_connection(TestP2PConn(), services=P2P_SERVICES)
         # self.std_wtx_node is for testing node1 with wtxid relay
         self.std_wtx_node = self.nodes[1].add_p2p_connection(TestP2PConn(wtxidrelay=True), services=P2P_SERVICES)
@@ -1382,7 +1382,7 @@ class SegWitTest(BitcoinTestFramework):
         tx3.vout.append(CTxOut(total_value - 1000, script_pubkey))
         tx3.rehash()
 
-        # First we test this transaction against fRequireStandard=true node
+        # First we test this transaction against std_node
         # making sure the txid is added to the reject filter
         self.std_node.announce_tx_and_wait_for_getdata(tx3)
         test_transaction_acceptance(self.nodes[1], self.std_node, tx3, with_witness=True, accepted=False, reason="bad-txns-nonstandard-inputs")
@@ -1390,7 +1390,7 @@ class SegWitTest(BitcoinTestFramework):
         self.std_node.announce_tx_and_wait_for_getdata(tx3, success=False)
 
         # Spending a higher version witness output is not allowed by policy,
-        # even with fRequireStandard=false.
+        # even with the node that accepts non-standard txs.
         test_transaction_acceptance(self.nodes[0], self.test_node, tx3, with_witness=True, accepted=False, reason="reserved for soft-fork upgrades")
 
         # Building a block with the transaction must be valid, however.