I've said it before and I'll say it again: concerns about money laundering - and not securities law - are what's going to end up biting the cryptocurrency industry the hardest. Unless the industry can come up with better arguments than "it's just code, man," or whataboutism in re to traditional money laundering operations, things are going to get much worse for them across the board.

Today's example - a letter from "Campaign for Accountability" to U.S. Senators...

https://www.documentcloud.org/documents/24142841-cfa-senate-banking-11-9-23

#law

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My homies don’t launder money, they wash it carefully according to specifications

Are the 4th amendment (no unreasonable searches and seizures) and the 5th amendment (Illegal to require a person to bear witness against themselves) not good enough?

Unless this is specifically about stable coins with their counterparty risk and founders who have iron grip control over the chains they issue?