Replying to Avatar gladstein

I recently learned that legislation has been drafted on Capitol Hill to classify *not re-using Bitcoin addresses* as "mixing"

There are also efforts to force "unhosted wallet providers" to collect user info for taxes

As well as to give power to Treasury to sanction any address (even Americans)

And a whole lot more bad stuff

IMO Coin Center does vital work to fight this and to protect privacy tech

They are a compact team and do a lot with the resources they have

They sue the OFAC and Treasury

They consider the Bank Secrecy Act unconstitutional and act accordingly

I just spent some time with their leadership team, asking questions, and came away impressed, I would strongly suggest a donation today

coincenter.org
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btcschellingpt 1y ago

Not my bag of feral cats .. but out of curiosity, are you also aware of which side of the aisle was doing the drafting?

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Chad Lupkes 1y ago

The Bank Secrecy Act was passed in 1970. What we are seeing is attempts by the Department of Justice to justify prosecuting users of Bitcoin by holding them to the standards set before there were more than 10 computers on the planet. This dog can't hunt.