The game plan is to make self custody of Bitcoin illegal so they can bail in banks & eventually debt ridden governments

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Bring it.

*Laughs in cold storage*

They are suddenly going to ban boats

Oh no, my underwater storage!

correct - address must be registered with gov regulatory or tax agency only or face possible criminal prosecution. they can see who has what more clearly

Mix your coins, anon

I suspect all they need to do is approve the ETF.

Most will unfortunately choose convenience over security.