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"shall promulgate a rule that prohibits financial institutions from— (1) handling, using, or transacting business with digital asset mixers, privacy coins, and
by ablatt89 4y ago
"shall promulgate a rule that prohibits financial institutions from— (1) handling, using, or transacting business with digital asset mixers, privacy coins, and other anonymity-enhancing technologies, as specified by 6 the Secretary"
Essentially, Warren and other privacy violating nutters want the identity of every crypto transaction. One can argue this is to curtail "laundering" at the tradeoff of privacy violation. Should every cash transaction also involve some receipt or the government will deem the transaction illegal? Will "cash only" businesses become illegal?
It seems like Warren still has similar views to many privacy violating politicians and administrators in the Bush administration...
- drexlspivey 4y agoThe cypherpunks have been preparing for senator Karen for their entire life.