The state of US politics is disturbing. Trump is going after people in a cruel and vindictive way that authoritarians do when they think they’re invincible. Yet the Democrats, especially Chuck Schumer can’t figure out what to do about it. They’re not even a loyal opposition. Instead they’re standing on the sidelines watching the American system of separation of powers get replaced with a unitary power of the executive. Despite this being the fundamental justification of legitimacy for the while government.

I recommend folks read this essay by nostr:npub1fdpmg4ql7gv94exjj5uj53w2yv8wy75x9sp7velwurzmlcpvjsvqz8cay5 calling on Schumer to resign. It’s compelling argument.

The IRS just finalized its new broker rule, finding that control is not necessary to be considered a broker subject to IRS reporting requirements.

It's a nightmare for every non-custodial exchange and swap provider.

Built a website to let users swap between currencies? You're a broker under IRS reporting requirements.

Built a mobile app to let users swap between currencies? You're a broker under IRS reporting requirements.

Built a browser extension to let people swap between currencies? You're a broker under IRS reporting requirements.

As long as you have the ability to collect fees on a trade, or have the ability to affect the terms under which a trade is provided, or a whole bunch of other nonsense, you're a broker, which makes pretty much any non-custodial exchange or swap provider a broker.

While wallets without swap or exchange features are excluded by the broker rule, it's a taste of what's to come for BSA reporting requirements for non-custodial software.

INB4: "bUt ThEy CaN'T FoRcE mY nOn-CuStOdIaL wAlLeT tO Do aNyThiNg"

That's right they can't. But they can force the people building the software and services. And if they don't, they'll go to jail.

Unless challenged, the rule goes into effect in 2027.

Bitcoin is speech.

Ikea is taking on eBay to try to become the go-to destination for secondhand furniture online

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Listing products on the Ikea Preowned website will be free for now, said the CEO of the furniture chain’s largest retailer.