8/ If adopted into law, this provision would be disaster not just for crypto but for privacy and democratic public process related to all types of financial transactions.

9/ It empowers the Secretary to prohibit any (or indeed all) cryptocurrency transactions (or any other kind of transaction) without any process, rulemaking, or limitation on the duration of the prohibition.

11/ After alerting folks in the House and Senate of that amendment's unintended consequences, it was removed from the final bill that passed. Unfortunately it's back verbatim without any improvements.

13/ It's time to call your member of Congress and ask that they take action to make sure that notice and comment and duration limitations are not removed from 31 U.S.C. § 5318A as the America COMPETES Act would do.