> Either it works and you'll find it impossible to defend legalizing cryptocurrencies with money-laundering-as-a-service in front of Congress, or it doesn't wor

> Either it works and you'll find it impossible to defend legalizing cryptocurrencies with money-laundering-as-a-service in front of Congress, or it doesn't work and prosecutors will slap money laundering charges on top of any crime that matters and you'll have a lot more difficult time defending yourself and your intent when you go to such lengths to hide your financial transactions. Why? In most modern financial systems the ledger is not public. Why would I have to defend attempting to bring that level of privacy to bitcoin? It seems reasonable to want similar levels of privacy across instruments and doesn't seem illegal to use tumbler services, etc. I don't even see how that can be construed as money laundering. I imagine courts disagree but would love to read their reasoning.