Did we watch the same hearing? David Marcus was pretty explicit about wallets and exchanges (i.e. on/off-ramps) being regulated but never mentioned (rather succ

Did we watch the same hearing? David Marcus was pretty explicit about wallets and exchanges (i.e. on/off-ramps) being regulated but never mentioned (rather successfully dodged questions about) the Association facilitating on-chain AML and instead pointed out that law enforcement could do their own on-chain analysis. To be honest, the whole money laundering point is so overblown anyway. For comparison, Bitcoin's transaction history is totally transparent and fairly simple to run basic clustering and taint analysis algorithms for deanonymization. People trying to avoid AML need perfect OPSEC and extreme discipline not to recombine change outputs. In Libra the privacy is even worse, since it uses an account-based model. I greatly suspect that it is easier to avoid AML in our existing system than it would be in a Libra world. FWIW, if you're trying to avoid AML today, then you should use ZCash or Monero. Both have cryptographic privacy that hides both the amount and sender+receiver.