Replying to 2e202d92...

Any chance she is racing to push this through before the SEC approves the spot bitcoin ETFs? If/when spot bitcoin ETFs get approved she has no chance of banning bitcoin in the US. At that point her window will close.
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The Daniel 🖖 2y ago

The ETF and this bill have nothing to do with banning bitcoin. She’s been completely clear, she wants to eliminate self custody and all non-KYC activity that can’t be spied on by the government.

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The Daniel 🖖 2y ago

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pukka 2y ago

Basically banking take over cause no one is going to verify KYC running a node or creating wallets ?! 🤷🏻

Can’t a pleb get some privacy?!

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The Daniel 🖖 2y ago

Sure, just get a money transmitter license and hire a compliance team. Shouldn’t cost you more than $10 million to get up and running.

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pukka 2y ago

🤣 sheesh these politicians are a real pain in the ass