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What is the core argument for this position?
by lifty 6y ago
What is the core argument for this position?
- SAI_Peregrinus 6y agoIf I were to guess: The SEC considers Bitcoin to be a currency. Intermediaries handling currency transactions are subject to "Know Your Customer" laws, and need to get various identifying information from the parties whose currency they're transmitting. Lightning network nodes don't collect such information. Therefore, the Lightning network node operators are in violation of US law. I'm no expert though, there may be other SEC rules that are more relevant.