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sperry 1y ago

"The legislation proposes to instruct the Office of Foreign Asset Control and federal law enforcement agencies to "track, prevent the transfer of, freeze, and confiscate funds that have been processed through digital asset mixers, privacy coins, and other anonymity-enhancing technologies" and "the extent to which such agencies utilized blockchain analytics firms when preventing the transfer of funds through such methods."

Blockchain Integrity Act

https://twitter.com/RepCasten/status/1787979794644156854

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GoneGone 1y ago

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Hazey 1y ago

"The Blockchain Integrity Act would place a two-year moratorium to prohibit financial institutions, including cryptocurrency exchanges, virtual asset service providers (VASPs), and other registered money service businesses (MSBs), from accepting incoming funds that have been routed through a mixer, as well as prevent outgoing funds from being withdrawn directly to a known mixer address."

Never send mixed coin to an exchange, because it closes the loop. So you wouldn't do that anyways. And of course you would withdraw to a private address before sending to a coin join or mixer. So this legislation is useless gesturing, showing how incapable feds are at stopping bitcoin

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sperry 1y ago

Ii gives way to confiscation at the exits, IMO, so when peeps want to "cash out" - cuz "moon" they can claim "suspected activity" and nab it.

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Hazey 1y ago

Yes

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GoneGone 1y ago

Totally agree. Posturing, but it’s a fight stance. Punches, kicks, and biting come next. DO NOT GIVE THEM AN INCH.

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GoneGone 1y ago

#bitcoin #rebels

By the way, forgot to ask: what can I/We do? Call our congressman? Sign a petition. We gotta mobilize!