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141 sats \ 8 replies \ @siggy47 OP 28 Apr \ parent \ on: The Network Access Exception To The Money Transmitter Rule bitcoin
I would agree with just about everything you said. Just keep in mind that the distinction is not the bitcoin is property, not money thing. As the papers also indicate:
Courts have uniformly held, and the defendant does not dispute in his motion, that “funds” and “money” for purposes of this statute include cryptocurrencies. E.g., Murgio, 209 F. Supp. 3d at 705-10 (Bitcoin exchange covered by 18 U.S.C. § 1960); United States v. Faiella, 39 F. Supp. 3d 544, 545 (S.D.N.Y. 2014) (“Bitcoin clearly qualifies as ‘money’ or ‘funds’” for purposes of 1960 prosecution); United States v. Harmon, 474 F. Supp. 3d 76 (D.D.C. 2020) (applying Section 1960 to Bitcoin mixing service).
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75 sats \ 7 replies \ @windward 28 Apr
ty for the update -they tax it like property so I assumed courts would treat it as such -nice to know the gov't will change it's definitions to suit it's needs
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127 sats \ 5 replies \ @SpaceHodler 28 Apr
https://m.stacker.news/28512
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30 sats \ 0 replies \ @siggy47 OP 28 Apr
Yep
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10 sats \ 0 replies \ @SwapMarket 28 Apr
amen
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0 sats \ 2 replies \ @nerd2ninja 28 Apr
The SEC does not call Bitcoin a security however.
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30 sats \ 1 reply \ @SpaceHodler 28 Apr
Good catch! It wasn't my own.
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20 sats \ 0 replies \ @nerd2ninja 28 Apr
Remember that scammers believe they are part of us. They project their problems and say "Bitcoin" when complaining about it. Be careful about sharing around their propaganda. It will enable them to grift on our efforts and create the reputation with the general person that we are scammers like them.
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40 sats \ 0 replies \ @siggy47 OP 28 Apr
Exactly. The taxable event crap is ridiculous if they call bitcoin money.
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