We have been through this at least once with another bill by her if I’m remembering correctly. It won’t go through. She is just trying to stir up her base with arguments that get weaker and weaker by the day.
https://decrypt.co/117221/senator-warren-crypto-bill-kyc-self-custody-wallets
This new bill has some strange language. Essentially will require validators, so nodes/miners, to KYC. My question is, if this goes into place, is it even possible to enforce. Could the state mandate that miners KYC? I know they could not get control of the network, but if they forced a software update, such as a BIP, that included KYC and miners complied, would other nodes (such as mine running on umbrel) have to upgrade software to include KYC info or risk forking? I admit a general lack of understanding on this, so would like to hear from those who do understand.
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