247bf84fda

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

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.

bitcoin

The America COMPETES Act was just introduced in the House, Thread by @jerrybrito on Thread Reader App

cointastical

> 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. 