Blockchain Integrity Act was just proposed in the US Congress
1506 sats \ 9 comments \ @zarko 13 May bitcoin
here are some interesting points:
  • This would put a 2-year moratorium on mixers.
  • It interestingly classifies ‘Privacy Coins’ in a different category than mixers.
  • States there are ‘legitimate uses’ for mixers
  • Would have the Secretary of the Treasury prepare a report that includes information on “The capacity of the Financial Crimes Enforcement Network, the Office of Foreign Assets Control, and Federal and State law enforcement agencies to track, prevent the transfer of, freeze, and confiscate funds that have been processed through digital asset mixers, privacy coins, and other anonymity-enhancing technologies”
Full proposal available here: https://casten.house.gov/imo/media/doc/blockchain_integrity_act.pdf
write
preview
related posts
96 sats \ 2 replies \ @Coinsreporter 13 May
Who the hell is US congress to decide about Bitcoin. Did they invent it or have patent? They are just trying to confuse people or may be they themselves are confused.
reply
31 sats \ 0 replies \ @nerd2ninja 13 May
reply
0 sats \ 0 replies \ @Cje95 14 May
I posted about this last week… it’s a Dem only bill in the House it’s dead on arrival
reply
79 sats \ 0 replies \ @SpaceHodler 13 May
No, thanks. The nodes ensure blockchain integrity.
reply
21 sats \ 0 replies \ @_vnprc 13 May
Nothing is so permanent as a temporary government program.
  • Milton Friedman
reply
100 sats \ 0 replies \ @TNStacker 13 May
Where is the Congressional Integrity Act?
reply
1 sat \ 0 replies \ @Cje95 14 May
I posted about this last week before they had finalized a title. Just look at who the Members who signed are. Sean Casten employed SBF’s brother until he left to form a nonprofit. Brad Sherman asked to turn off crypto like a light switch… these people are the fringe minority and their own party in the House doesn’t believe in what they believe in
reply
1 sat \ 0 replies \ @itsrealfake 13 May
 (a) MORATORIUM.—
 (1) IN GENERAL.—During the 2-year period beginning 6 months after the date of enactment of this Act, it shall be unlawful for a financial institution to handle, use, or transact with—
 (A) any incoming funds that have been routed through a digital asset mixer operating on a cryptographically secured distributed ledger; and
 (B) any outgoing funds routed directly to a digital asset mixer operating on a cryptographically secured distributed ledger.
reply
0 sats \ 0 replies \ @emmanuelrosa 13 May
Idiots informing idiots.
What could possibly go wrong?
reply