Nostr Web Client

Self custody as we know it is in the crosshairs in America

If the court precendent stands that self custodial software is not free from the Bank Secrecy Act then all self custody software will fail to meet the requirements...creating a defacto ban on running self custodial bitcoin software.

Wallets, nodes, miners cannot comply with the KYC bullshit. This is an inside job between anti bitcoin politicians and the woke DOJ weilding lawfare when they can't win public support or the ballet box.

We are sleep walking into this.

Meanwhile all these soy think boi corpo simps are shitcoining wall street iou's and wearing orange ties.

An 80 year old judge isn't going to give a shit or understand the nuances between the custodial arguements, the nature of shitposting on twitter or the long term implications.

Where have all the toxic Bitcoiner's gone?

Foxfire Mushrooms 7mo ago 💬 1

Which court precedent are you referring to?

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Discussion

. 7mo ago 💬 2

The tornado cash case judge ruled that Fincen custody/self custody diatinction was not relevant to being a money service business.

The Samourai case feds argue that transfering data is custody or some convoluted nonsense like a knife maker is responsible for anything the knife does.

Foxfire Mushrooms 7mo ago

So basically they have the precedent to crack down on all self custody now if they want to?

. 7mo ago