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The leading market structure bills moving through Congress could leave US persons prohibited from utilizing non-custodial wallets and service providers.
That would mean no self-custody, no privacy, no freedom.
US Americans please call your representatives and tell them to
support section 110 of the Clarity Act.
nostr:npub185h9z5yxn8uc7retm0n6gkm88358lejzparxms5kmy9epr236k2qcswrdp discussed this on nostr:npub1r8l06leee9kjlam0slmky7h8j9zme9ca32erypgqtyu6t2gnhshs3jx5dk and What Bitcoin Did.
Isn’t saying that the leading market structure bills could prohibit people from using non-custodial wallets a bit misleading since the Clarity Act now includes section 110, which guarantees the right to self-custody? Is that section somehow in greater jeopardy than the entire bill? My concern is that this messaging will lead people to oppose the Clarity Act, which in its present form DOES protect self-custody. Or am I missing something here?
As it currently exists it’s great, but it’s also entirely possible that it gets amended either on the floor of the house or in the senate (assuming it makes it that far).
It's the first I hear that this bill could do that. Do you have an idea of what section of the bill they're referring to?
They could pass the bill but it doesn't matter. You can't prevent people from using non-custodial wallets.
Sure ya can, prevent devs from being able to build them and prevent node operators from providing liquidity and you’re stuck with shitty on-chain wallets only.
It is likely already illegal to be an lap, or perhaps even a channel counter party that routes. Yet here we are.
I don't think you can prevent devs from building non-custodial wallets. Just build it and put it out there without permission.
There's a lot of development and innovation that will make it even more resilient or give new use cases.
Ecash e.g. with Cashu and Fedimint.
lol who’s gonna run the mints if it’s illegal? And before you say “anonymous”, think hard about whether you want a future for bitcoin where everyone just uses anonymous custodians who can rug you at any point.
Thanks for bringing attention to this, nostr:nprofile1qqs9etvzezvwuespxugeghtg0a7e2j0kgksprpr8mt30tcn5ckvddlcpz4mhxue69uhkummnw3ezu6twdaehgcfwvd3szxmhwden5te0dehhxarjv9n8y6trvyh8qcmyddjzuenedyf9v9v0 Super impt
