Legal Action to Defend Decentralized Crypto

Just today, Elizabeth Warren proposed legislation that would (IMO) effectively regulate decentralized cryptocurrency out of existence: https://decrypt.co/117221/senator-warren-crypto-bill-kyc-self-custody-wallets

The bill would subject miners, validators, and others in the crypto world to "know your customer" and anti-money laundering obligations. It's hard to see how that is compatible with decentralized crypto, and the result would be to force a massive centralization of crypto (at least in the US). Those pushing the bill frame it as a response to SBF/FTX, but of course it's hard to see how a failure of a centralized crypto exchange justifies regulation of decentralized crypto. Plus, KYC & AML have nothing to do with protecting consumers from fraud and, instead, are all about the government effectively spying on those same consumers.

Whether that specific bill goes anywhere or not, it's a sign of things to come. In fact--less dramatic but just as important--the federal agency FinCEN is proposing a regulation that would expand other aspects of the KYC/AML framework to transactions between unhosted and hosted wallets.

Since this is the censorship-free forum, I think it's OK to post this here:

I'm a constitutional lawyer at a public interest law firm called the Institute for Justice, where I defend financial privacy and economic freedom. (Check my bio, where you can see I did a post on r/AMA with verification.) I'm looking into a variety of potential cases to protect decentralized crypto from overbearing KYC/AML regulations, and I'm hoping to connect with folks in the crypto community who would be willing to serve as plaintiffs. So, putting up a signal flare here: If that sounds like it might be you, send me a DM or an email and we can connect.

submitted by /u/FreeRangeLawyer
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source https://www.reddit.com/r/btc/comments/zlzgrn/legal_action_to_defend_decentralized_crypto/

FEDERAL RESERVE RAISES FED FUNDS RATE BY 50 BASIS POINTS…Extremely Bullish For Bitcoin

submitted by /u/bpra93 [link] [comments]

source https://www.reddit.com/r/btc/comments/zlzo9f/federal_reserve_raises_fed_funds_rate_by_50_basis/

Vote for the sat symbol

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Spread the signal.

submitted by /u/aj800012 [link] [comments]

If anyone is still thinking CBDCs will be anything like bitcoin

submitted by /u/Ok_Cow2667 [link] [comments]

BCH Academy — Thankful for the amazing response for this Flipstarter! Only 6 days left!

submitted by /u/LeoBeltran [link] [comments]

source https://www.reddit.com/r/btc/comments/zl7chk/bch_academy_thankful_for_the_amazing_response_for/

How should i tell her

submitted by /u/SaltyFlamingo0 [link] [comments]

Just want to share; bought 26 BCH on Kraken, also found another 6.35 BCH in my margin account on my Futures dashboard... Made instant max wd, arrived in EC wallet within 4min. Kraken still SAFU good withdraw (still) good CEX.

submitted by /u/J_A_Bankster [link] [comments]

source https://www.reddit.com/r/btc/comments/zl532h/just_want_to_share_bought_26_bch_on_kraken_also/

Future Bitcoin Supply…If Supply Decreases And Demand Stays The Same, Prices Will Rise. But If Demand Rises Then Prices Go Parabolic IMO

submitted by /u/bpra93 [link] [comments]

source https://www.reddit.com/r/btc/comments/zl4z3q/future_bitcoin_supplyif_supply_decreases_and/

Bitcoin's newest circular economy - Lago Bitcoin / Panajachel! ...what bear market?

submitted by /u/kinetic_jfig [link] [comments]

É possível minerar bitcoins no Brasil?

submitted by /u/Historical_Design_21 [link] [comments]

source https://www.reddit.com/r/btc/comments/zkci1w/é_possível_minerar_bitcoins_no_brasil/

Lightning tips in the future

I see a significant pickup in lightning tips over the past week, it's great to see. It nudges you into setting up a lightning wallet and once you have one, you're ready to spend a few sats when you see a 'bitcoin accepted here' sign in the real world.

I'm bookmarking a few of these tip posts and will be checking back in on them in a couple of decades or so...

Imagine, way down the line if a single Satoshi hit dollar parity (inflation aside), people will look back and be amazed at those historically generous 500sat tips!

We're still early!

Edit: Lightening -> lightning

submitted by /u/LuKeNuKuM
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'Bitcoin Senator' Lummis: FTX Collapse Shows 'It's Time' for Congress to Learn About Crypto

submitted by /u/bpra93 [link] [comments]

source https://www.reddit.com/r/btc/comments/zk9mb7/bitcoin_senator_lummis_ftx_collapse_shows_its/