by nostr:npub128tlrdek6x2clft0zylg9gnes736ef8sumfr0750cd5uc9sgchqqkffadp

In 1945, Treasury Secretary Morgenthau set a cash reporting threshold of $10,000 to combat black marketeering during WW2.

This threshold was codified & broadened in the Bank Secrecy Act in 1972 & never changed.

W/ inflation, that $10K would equate to a ~$175K threshold today.