🤐Gag rules on Suspicious Activity Reports compel financial institutions to keep the fact that they're being investigated from customers.

It's also principally how you're de-banked and never told the reason why. How about Bitcoin and crypto firms that custody your funds?

A new Senate bill would apply the same for crypto institutions (+ custodians) and lower reporting threshold to just $2,000.

This means bitcoin + crypto custodians would be more regulated than fiat banks.

I will attempt to sum this up in an article opposing this bill, and I'll be sharing with the legislative staff of both of these Senators.

We won't comply.