The most frustrating word from this whole email is:
*proposed*
Why the FUCK are the banks taking action BEFORE anything passes???? 🤬 nostr:note15fp4nxx0du93y9r3xp33p4zljqmq6lr8c4xls46gftkl7ul4vhdq484wr8
Discussion
Maybe they know this won’t pass but you can always take advantage in the interim to de facto achieve some regulatory goals
Just speculating
There is nothing to get "passed", it's not a law it's a fincen regulation. They will obviously implement it, they just have to go through the motions of "consulting the public" first
I was struggling for the most accurate verb to use when I typed that. In hindsight that should’ve been a signal to research about the regulatory rollout process.