A new U.S. law gives the president extensive authority to block access to digital assets, raising concerns about its broad implications. Critics, like Scott Johnsson, argue it enables the president to ban any digital asset protocol deemed linked to foreign sanctions violators, compelling users to KYC-compliant blockchains. The law defines digital assets broadly and allows blocking transactions with foreign entities supporting terrorism, significantly impacting user access and control over digital assets.

No surprise here, lady liberty needs her tax revenue. Credible threat is a signal of formidable momentum. Keep up the good work, plebs! #bitcoin