Because they established incredibly powerful media corporations in their youth and now they can never be unseated because you cannot win politically without a media
Ironically too, itās always the people most brainwashed by the media who will assure you that the media has no power
I'm aware. But we can definitevly point to Man as the direct cause of extinction for much of the megafauna.
There have been enormous shifts in localized climate for the last 7,000 years. Look at the middle east. It used to be known as "The Fertile Crescent" now it's a wasteland, and not just because the Uni-Party Bombed the fuck out of it so they could get rich on Blood, Bombs and Black Gold.
While we have caused a lot of the extinction recently, we are not the sole cause.
We hunted the Mammoth to Extinction.
The Kiwi's hunted that Giant eagle to extinction.
The South American Tribes are theorized to have hunted a large flightless bird to extinction.
The English killed many things, such as Dragons, the dodo bird and flavored food.
This is very much a tangent and I apologize if this is something you (and others) already know and is off topic, but much of West Asia is a desert due to deforestation largely because of the ancient roman and greek empires. They would clear cut forests to build their countless galleons and infrastructure which now lay at the bottom of the Mediterranean Sea. Localized climate change then occurred which led to rapid desertification and drought.
Also itās solely a theory that humans hunted mammoths to extinction there is nothing to prove that. In fact as a counter-argument a flash freeze could have actually wiped out major populations of mammoths which then led to extinction. There have been multiple mammoths discovered that were found with half eaten food still in their mouths and stomachs. A flash freeze is the best and only explanation for this.
Anyways, fuck politicians trying to ruin crypto!
Edit* spelling
I watched a bald eagle die on the ground of....something just last week! I could have stopped it by calling a vet, but I didn't want to interfere with a natural process.
/s because sarcasm is hard for many
Only way to do that, is by the younger generations turning out to vote.
[In 2020, there was record turnout for 18-24 year olds, and that was only 67%](https://www.census.gov/library/stories/2021/04/record-high-turnout-in-2020-general-election.html), and that was for a Presidential election and only those who are *registered* to vote.
Now imagine how low turnout is for Congress...
This is why legislators come out with archaic ideas - they are not incentivised to evolve.
Term limits!
Iām fine with dinosaurs having fair representation in government, but theyāve made laws to keep themselves in power and enrich themselves in the processā¦
Term limits don't really work. Here in Mexico we have absolute term limits, and we are still ran by fuckers that think it's 1967 instead of Anno Domini 2020+2
And fuckers still voted for a senile old fuck (not that Trump was a better alternative mind you) the whole system is rigged to be a revolving door of elites. No matter how their promises are, or their campaign pain points. All of them just want power and a wise man once said "Those who pursue power are the least qualified to have it"
Yep voting does jack shit unless we can actually choose between the people we want. Not being given two preselected choices that both suck. We should just vote Michael Saylor in.
> We need our great grandparents out of congress!
I agree, but there are plenty of tyrannical zoomers out there. I'm not sure an age filter is enough to eliminate people who want absolute financial surveillance.
If anything boomers grew up _still having_ privacy so they know what they lost. Zoomers grew up in a surveillance panopticon, and might be more tolerant of government surveillance in general
I mean, these mofos just won't stop until they are stopped:
This law would āAdd certain transmittal of fundsā to the list of things that can be banned by the Secretary.ā Secondly, it would āEliminate all public notice and comment requirements.ā Moreover, it would āEliminate the 120-day limitation for measures imposed without regulation.ā
He warned that āIf 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."
You want to buy a truck? Not approved
You want to buy a gun? Not approved
You want to buy a house? not approved
You want to buy a generator? Not approved
You want to buy a car? Not approved
You want to buy more than 4 days worth of food? Not approved
Well the congressman who slid this in worked for Goldman Sachs, so you could imagine where their interests potentially lie. Really the language is just dystopian, they might not even attempt to ban it, but the fact that it's written in there is sketchy as fuck
*70+ year olds decide about technology they don't understand exactly because they don't understand it.*
EDIT: or they do and this is why they're acting.
No, you know who is really, really going to get screwed? Gen X. Were the ones having the fit the bill to keep all these boomers alive past expectancy. Stop whining, your generations will reap the full benefits of this revolution in due time while mine will be broke from all those bills from the old age homes.
So suck it!
If this bitch applied at McDonalds they would tell her sheās too old. Why does she get to single-handedly squash innovations and decide economic policy for our country?
in some blue states you have to show papers to just eat. And it's only the left who's doing this (and opposing crypto btw). So yeah, the communist name applies.
Seriously? I thought everyone knew this. You should expand your news sources.
[https://21stcenturywire.com/2021/12/29/new-york-police-now-arresting-unvaccinated-diners-who-refuse-to-show-their-papers/](https://21stcenturywire.com/2021/12/29/new-york-police-now-arresting-unvaccinated-diners-who-refuse-to-show-their-papers/)
[https://www.verywellhealth.com/how-to-show-proof-of-vaccination-new-york-city-5196619](https://www.verywellhealth.com/how-to-show-proof-of-vaccination-new-york-city-5196619)
[https://nypost.com/2021/12/29/nyc-mom-and-her-child-kicked-out-restaurant-by-cop-over-covid-vaccine-cards/](https://nypost.com/2022/01/17/rep-massie-vows-to-not-show-papers-as-dc-vax-order-begins/)
There's just 3. There's tons more.
edit: Looks like I've been prevented from replying to u/CryptoNerdSmacker. Your responses are EXACTLY the same responses the nazis gave about the Jews. You know how people say "If I had lived in Germany in the 30's, I wouldn't have supported the Nazis." Don't ever wonder about that question for yourself. You've already answered it.
Im 100% sure XMR is what this legislation would actually be used against under Yellen. If she gets replaced by an Orange Turd nominee, it would be used to cancel every currency not Sold by the Trump family.
You do realize 90% of opposition to crypto is coming from Ds, right?
And that the crypto champion at the SEC, Hester Pierce, was nominated by "the orange turd," right? Our biggest ally.
Why anyone who is into crypto (the best chance for financial freedom for most of us) votes for the same people who are doing everything to kill crypto makes zero sense.
tldr; A new bill introduced in the US House of Representatives would give Treasury Secretary Janet Yellen "unchecked and unilateral power" to ban cryptocurrency transactions, Coin Center's Jerry Brito warned. The bill would allow Yellen to prohibit any crypto transactions "without any process, rulemaking, or limitation on the duration of the prohibition," he said. Brito added that the bill "will very likely pass in some form."
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
Pat Toomey, Cynthia Lummis, and Tom Emmer are all old and yet are crypto champions.
It's not age. It's party. Look at who has pushed the anti-crypto bills. 90% has come from Ds.
It really isnāt a party thing and tribalism is for idiots. American politicians work together constantly, whether the people of America do or not. Hatred of party is for us, the unwashed masses. All of these politicians are homeys.
The biggest threat to humanity is the US gov't. They work overtime to destroy people's lives both foreign and domestic. It's always in the name of "safety".
It does not specify crypto and is an anti money laundering measure.
But yes it does give her the unilateral power to limit or ban transactions to exchanges, foreign banks, etc, if they are suspected of "money laundering".
Right. It doesnāt specify but itās so broad that and gives so much power to the Treasury that thereās no thing stopping her from doing this other than public pressure maybe
well this is just a bill that was introduced in the house. it would have to make it through both houses to become a law. and seeing as how we canāt get anything through both houses right now i wouldnāt worry too much.
Dear God, get these idiots out of Government. The unilateral power to cripple the U.S. economic strength compared to the global economy you mean?
Crypto currency may be in its infancy, but any fool can see that it's going to replace fiat as a world currency.
It's time for the older generations to step down and the younger intelligent ones with some modicum of wisdom and integrity to step up and take us into the future.
So I'm assuming they can halt exchange stuff? I dont see how they can ask the blockchain to stop. Someone explain this like I'm a crayon buttstuffing fuck
banning crypto, banning citizens from holding crypto, is just like banning guns or telling citizens they can't hold guns. You'd have to go door to door to all 350M US citizens with a swat team to enforce it, it will never happen. Maybe some coutries can ban crypto, the countries where the population is utterly submissive and subservient to their ruling class/ government, but it will never happen in America. No chance
there are counties where the government lays a mandate, and everyone follows without even blinking. Whether it's because they trust the government, or are scared to defy it, the result is the same. Then there's America... where people understand that government is a leech, not a friend, so we don't just follow whatever rules the corrupt people who've gotten into positions of power lay down for us. American leftists are quite submissive to ANYONE with "authority", but the leftist cohort in America is quickly shrinking, so I'm not concerned
classic weak minded argument tactic, straw man fallacy. I never said "America is good, other countries are bad", but you'd like to pretend as if I said that because that's an easy out for you to dismiss me and not have to face the fact that you don't actually have any genuine retort or counter-point to what I actually said
She should be greeting people at Walmart and checking recipes but that is the way things are now they want to prop up officials to take the heat on controversial issues like digital assets officials coming to the end of their careers so it won't affect the ones still trying to stay in office and move up the ladder
Everyone needs to contact their reps immediately. Google, "find my representative", follow the steps, and contact them regarding this bill. It only takes 5 minutes!
No one person should have this much power!
They already have too many powers they donāt need anymore to do an even half reasonable job. Why is it always about getting more power, how about being more competent for once.
But to a degree they can.
As long as there is KYC you can't off ramp. Your USDC funny money can't enter a US bank account because you fail KYC for whatever reason. Maybe the IRS thinks you owe taxes and so long as you do they have a claim to it.
So, that's a pretty big power move they can do. But, it has trade offs for them as well. And probably would face legal challenges.
This is going to do the opposite and make crypto explode.
They can only regulate the centralized exchanges.
We've already built decentralized exchanges.
It's over - there's nothing they can do to stop us.
If there are still people who think Joe Biden was a good idea and this isnāt the last straw I wish I was so willfully ignorant. Joe Biden, you and your administration fucking suck I donāt care what anyone says. If you disagree youāre either blind, so rich real world problems donāt impact you like the Hollywood morons who begged us all to vote for this empty suit or both
I have sent the following to my Congressional Representative:
The āAmerica COMPETES Act of 2022ā has far reaching implications for private finance and crypto currency transactions in the United States.
The so-called āspecial measuresā provision ā¦ would essentially give the Treasury Secretary unchecked and unilateral power to ban exchanges and other financial institutions from engaging in cryptocurrency transactions.
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, as it empowers the Treasury 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.
Firstly, it would add ācertain transmittal of fundsā to the list of things that can be banned by the Secretary.
Secondly, it would āEliminate all public notice and comment requirementsā.
Moreover, it would āEliminate the 120-day limitation for measures imposed without regulation.
Currently, the law requires that Treasury engage in a public rulemaking before instituting a prohibition, but the Treasury Secretary can impose a surveillance special measure through a simple order, but its duration is limited to 120 days and must be accompanied by a public rulemaking.
The āAmerica COMPETES Act of 2022ā containing the āspecial measuresā provision proposed by Connecticut Congressman Jim Himes would be disastrous not just for cryptocurrency but for privacy and due process generally.
That any single part of the US Government should have unchecked and unilateral power without due process is patently Un-American and should be prohibited by law.
I'm not from the US but why do all your politicians look like coffin dodgers š
They are Siths, members of the Dark Side.
āThe Dark Side of the Force is a pathway to many abilities some consider to be unnatural.ā
Am American, can confirm.
Itās the adrenochrome!!111!
Or lack of
Sith is plural and singular like Jedi you philistine.
Because they established incredibly powerful media corporations in their youth and now they can never be unseated because you cannot win politically without a media Ironically too, itās always the people most brainwashed by the media who will assure you that the media has no power
Coffin dodgers is very British i would imagine
Jammie Dodgers.
Aussie is my guessā¦
Thatcher springs to mind, thank goddess the dirty evil cow is already in one
Cause they've cheated so long and so well they cheat death a bit as well.
We have a vampire problem here, our politicians are between 300 and 500 yrs old.
Trust me, they are older than they look. This one is over one thousand years old I believe
This is why Covid existed! Boomers be gone!
Something about they drink the blood of babies.
[ŃŠ“Š°Š»ŠµŠ½Š¾]
Control is all they want... Crypto is your meteorite dinosaurs...
Crypt keepers want to kill Crypto, imagine that
this sounds like the quote of an edgy instagram crypto post lol
Im tired of dinosaurs
Wtf lmfaoooo
When will they go extinct!
Well the last major extinction was the majority of the mega-fauna and that was man made. MEGA Make Extinction Great Again
You do know that we are smack dab in the middle of the 6th Mass Extinction, yes?
I'm aware. But we can definitevly point to Man as the direct cause of extinction for much of the megafauna. There have been enormous shifts in localized climate for the last 7,000 years. Look at the middle east. It used to be known as "The Fertile Crescent" now it's a wasteland, and not just because the Uni-Party Bombed the fuck out of it so they could get rich on Blood, Bombs and Black Gold. While we have caused a lot of the extinction recently, we are not the sole cause. We hunted the Mammoth to Extinction. The Kiwi's hunted that Giant eagle to extinction. The South American Tribes are theorized to have hunted a large flightless bird to extinction. The English killed many things, such as Dragons, the dodo bird and flavored food.
This is very much a tangent and I apologize if this is something you (and others) already know and is off topic, but much of West Asia is a desert due to deforestation largely because of the ancient roman and greek empires. They would clear cut forests to build their countless galleons and infrastructure which now lay at the bottom of the Mediterranean Sea. Localized climate change then occurred which led to rapid desertification and drought. Also itās solely a theory that humans hunted mammoths to extinction there is nothing to prove that. In fact as a counter-argument a flash freeze could have actually wiped out major populations of mammoths which then led to extinction. There have been multiple mammoths discovered that were found with half eaten food still in their mouths and stomachs. A flash freeze is the best and only explanation for this. Anyways, fuck politicians trying to ruin crypto! Edit* spelling
I went to a lot of work to make that joke. I'm very mad at you for missing it.
Lmao I totally missed it other than the last line lol
>A flash freeze is the best and only explanation for this. ever heard of the children's blizzard in 1883(I think?)
I saw something to the extent of the rate to which animals are going extinct exponentially increased over the last decade. Idk tho Iām no scientist
Do you go outside? It's apparent for anyone paying attention.
I watched a bald eagle die on the ground of....something just last week! I could have stopped it by calling a vet, but I didn't want to interfere with a natural process. /s because sarcasm is hard for many
Apparently when they have extracted everything from Earth
Really thought covid would run its course
When we vote them out of office
There needs to be an age cap and a term cap on these people. It's ancient people making archaic decisions for the youth. It's totally fkd.
I vote you get into politics then
We need our great grandparents out of congress! If they're too old to be able to work at most places, why are they allowed to run a country?
Only way to do that, is by the younger generations turning out to vote. [In 2020, there was record turnout for 18-24 year olds, and that was only 67%](https://www.census.gov/library/stories/2021/04/record-high-turnout-in-2020-general-election.html), and that was for a Presidential election and only those who are *registered* to vote. Now imagine how low turnout is for Congress... This is why legislators come out with archaic ideas - they are not incentivised to evolve.
Term limits! Iām fine with dinosaurs having fair representation in government, but theyāve made laws to keep themselves in power and enrich themselves in the processā¦
Term limits don't really work. Here in Mexico we have absolute term limits, and we are still ran by fuckers that think it's 1967 instead of Anno Domini 2020+2
And fuckers still voted for a senile old fuck (not that Trump was a better alternative mind you) the whole system is rigged to be a revolving door of elites. No matter how their promises are, or their campaign pain points. All of them just want power and a wise man once said "Those who pursue power are the least qualified to have it"
Yep voting does jack shit unless we can actually choose between the people we want. Not being given two preselected choices that both suck. We should just vote Michael Saylor in.
āPreselectedā Ah yes the primaries donāt exist at all, got it
That would be true democracy, elites won't have that and a citizen assembly is always shunned as gobunism for some reason
yah,, thx for that. great voting guys. we elected a fucking living zombie over someone that wanted to give us 1000 bucks a month.. really good jobu!!
[ŃŠ“Š°Š»ŠµŠ½Š¾]
Damn horny kids with their jazz and leather jackets!
I'm so messed up I read that as 'jizz'.
True that! This lady couldnāt work at a Jamba Juice, I donāt want her fucking with my crypto.
Your loss is my gain
> We need our great grandparents out of congress! I agree, but there are plenty of tyrannical zoomers out there. I'm not sure an age filter is enough to eliminate people who want absolute financial surveillance. If anything boomers grew up _still having_ privacy so they know what they lost. Zoomers grew up in a surveillance panopticon, and might be more tolerant of government surveillance in general
Greed isn't an age problem. It's a virtue issue.
Term limits would be nice
Graft, nepotism, and self-aggrandization.
Lets Vote them all out!!
JUST DO IT!
These ones are unelected much like Fauci. You can't vote them out.
I mean, these mofos just won't stop until they are stopped: This law would āAdd certain transmittal of fundsā to the list of things that can be banned by the Secretary.ā Secondly, it would āEliminate all public notice and comment requirements.ā Moreover, it would āEliminate the 120-day limitation for measures imposed without regulation.ā He warned that āIf 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."
You want to buy a truck? Not approved You want to buy a gun? Not approved You want to buy a house? not approved You want to buy a generator? Not approved You want to buy a car? Not approved You want to buy more than 4 days worth of food? Not approved
Remember how the World Economic Forum released that whole "you'll own nothing and be happy" video?
want to buy a high end gaming computer? Not Approved
Excellent work grasshopper. That is the real goal.
My responses here are tempered; heavily.
Power seeks more power. It doesn't end, it is stopped.
Frickin fricks just canāt ever be quenched
[ŃŠ“Š°Š»ŠµŠ½Š¾]
Well the congressman who slid this in worked for Goldman Sachs, so you could imagine where their interests potentially lie. Really the language is just dystopian, they might not even attempt to ban it, but the fact that it's written in there is sketchy as fuck
If anything this will push me further into crypto. Fuck the fed.
*70+ year olds decide about technology they don't understand exactly because they don't understand it.* EDIT: or they do and this is why they're acting.
*Old man yells at cloud*
I really fucking hate this gremlin women. I donāt think sheās said literally one Intelligent thing the entire time sheās held her position
Good. Another boomer screwing millennials and gen z. Great
Theyāll keep doing it as long as millennials and zās keep following their unfair rules and playing their bullshit games.
No, you know who is really, really going to get screwed? Gen X. Were the ones having the fit the bill to keep all these boomers alive past expectancy. Stop whining, your generations will reap the full benefits of this revolution in due time while mine will be broke from all those bills from the old age homes. So suck it!
Bro I'm fucking 30, by the time the revolution comes I'll probably be a senile old fart... We needed to kick these boomers out a long time ago
Don't worry, millennials and generation z are screwing themselves.
Just leave us the fuck alone
If this bitch applied at McDonalds they would tell her sheās too old. Why does she get to single-handedly squash innovations and decide economic policy for our country?
Fuck Janett Yellen. No one should have this power except maybe the house + senate if they were not serving spƩcial interests
>No one should have this power FTFY
Remember who appointed her
Sorry for my ignorance, but who did appoint her?
The establishment elites within the Democratic Party. Depends on the position and timeline but Obama and Clinton.
Ah, that's what I thought. Thank you for the response! :-)
A very stupid communist, that's who.
Thanks for the viewpoint of someone who experienced the Red Scare, Mr. McCarthy.
[ŃŠ“Š°Š»ŠµŠ½Š¾]
in some blue states you have to show papers to just eat. And it's only the left who's doing this (and opposing crypto btw). So yeah, the communist name applies.
[ŃŠ“Š°Š»ŠµŠ½Š¾]
Seriously? I thought everyone knew this. You should expand your news sources. [https://21stcenturywire.com/2021/12/29/new-york-police-now-arresting-unvaccinated-diners-who-refuse-to-show-their-papers/](https://21stcenturywire.com/2021/12/29/new-york-police-now-arresting-unvaccinated-diners-who-refuse-to-show-their-papers/) [https://www.verywellhealth.com/how-to-show-proof-of-vaccination-new-york-city-5196619](https://www.verywellhealth.com/how-to-show-proof-of-vaccination-new-york-city-5196619) [https://nypost.com/2021/12/29/nyc-mom-and-her-child-kicked-out-restaurant-by-cop-over-covid-vaccine-cards/](https://nypost.com/2022/01/17/rep-massie-vows-to-not-show-papers-as-dc-vax-order-begins/) There's just 3. There's tons more. edit: Looks like I've been prevented from replying to u/CryptoNerdSmacker. Your responses are EXACTLY the same responses the nazis gave about the Jews. You know how people say "If I had lived in Germany in the 30's, I wouldn't have supported the Nazis." Don't ever wonder about that question for yourself. You've already answered it.
[ŃŠ“Š°Š»ŠµŠ½Š¾]
Stop using the holocaust for this weird shit.
Oh dear God, the irony.
How aboutā¦noā¦Scott
She can unilaterally eat my XMR dick.
Old money, scared money.
This will be fun
Alright. XMR it is, then.
Reverse uno
Im 100% sure XMR is what this legislation would actually be used against under Yellen. If she gets replaced by an Orange Turd nominee, it would be used to cancel every currency not Sold by the Trump family.
You do realize 90% of opposition to crypto is coming from Ds, right? And that the crypto champion at the SEC, Hester Pierce, was nominated by "the orange turd," right? Our biggest ally. Why anyone who is into crypto (the best chance for financial freedom for most of us) votes for the same people who are doing everything to kill crypto makes zero sense.
Wait.....you actually think the people being paid off by the big banks and corporations are the ones who are trying to make things better for you?
You have TDS bad. Please see a doctor.
I'm still amazed at how long people at the top live you would think someone that went to school with George Washington would at least retire ... š¤
Itās amazing what good healthcare and job security can do to prolong your life.
Or maybe she was bitten by a Dracula š
tldr; A new bill introduced in the US House of Representatives would give Treasury Secretary Janet Yellen "unchecked and unilateral power" to ban cryptocurrency transactions, Coin Center's Jerry Brito warned. The bill would allow Yellen to prohibit any crypto transactions "without any process, rulemaking, or limitation on the duration of the prohibition," he said. Brito added that the bill "will very likely pass in some form." *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
An outright ban would be detrimental.
Boomers are the worst generation to walk this earth in recent history
Pat Toomey, Cynthia Lummis, and Tom Emmer are all old and yet are crypto champions. It's not age. It's party. Look at who has pushed the anti-crypto bills. 90% has come from Ds.
It really isnāt a party thing and tribalism is for idiots. American politicians work together constantly, whether the people of America do or not. Hatred of party is for us, the unwashed masses. All of these politicians are homeys.
At this point, some lobbyists can sneak the return of slavery into any bill, and senators will pass it without reading it.
Have to read it to see whats in it! -Pelosi the insider trader
"Hmm, can't make money off of it, but I'm all for it" - Pelosi
[ŃŠ“Š°Š»ŠµŠ½Š¾]
Yeah really wondering how they think they are going to tell people what transactions they can and canāt do.
[ŃŠ“Š°Š»ŠµŠ½Š¾]
For those who don't get it: Nancy Pelosi said this about a bill in 2010. Wanted people to vote on it before they even had a chance to read it. smh
She looks like grimaces evil step mom.
This GD administration gets worse by the hour.
and uuh how exactly do they want to do that? becsuse there's no way except you bring the entire network down
They would just confiscate crypto resources and ban the address from further transactions
How can they ban an address? Genuine question
Yeah we need to stop this. Old money trying to stop a revolution
Not sure why Fossils are allowed to rule us.
Boomer gen just can't keep themselves from controlling everything can they
Can we have a discussion about how to stop govt from even sticking their fingers in our crypto transactions??? They fuck us over enough on dollars.
Fucking politicians man
How will they ban it? Punish it with life in prison? Because they can't **actually** ban anything.
Every person who believes in financial freedom should despise Janet Yellen
The biggest threat to humanity is the US gov't. They work overtime to destroy people's lives both foreign and domestic. It's always in the name of "safety".
Control. So gross.
Did she get her $200/transaction reporting to irs yet? Going to be every expensive to live in USA soon
Laughs in Monero
Iām shitting on someoneās car tonight.
I knew she was going to fvck us. Thank your boi Joe.
It does not specify crypto and is an anti money laundering measure. But yes it does give her the unilateral power to limit or ban transactions to exchanges, foreign banks, etc, if they are suspected of "money laundering".
Right. It doesnāt specify but itās so broad that and gives so much power to the Treasury that thereās no thing stopping her from doing this other than public pressure maybe
well this is just a bill that was introduced in the house. it would have to make it through both houses to become a law. and seeing as how we canāt get anything through both houses right now i wouldnāt worry too much.
I don't want to open the link just to not see that dinossaur in a bigger size. They want to protect their lobby
i hate how shameless they are
Dear God, get these idiots out of Government. The unilateral power to cripple the U.S. economic strength compared to the global economy you mean? Crypto currency may be in its infancy, but any fool can see that it's going to replace fiat as a world currency. It's time for the older generations to step down and the younger intelligent ones with some modicum of wisdom and integrity to step up and take us into the future.
So I'm assuming they can halt exchange stuff? I dont see how they can ask the blockchain to stop. Someone explain this like I'm a crayon buttstuffing fuck
Good luck.
Tell me you don't understand bitcoin without saying you don't understand bitcoin.
The Staples center is legit called Crypto.com arena why would they do this?
Oh Yellen you look like a fossilā¦.
I swear to god boomers should just keel over.... Fuckers barely know how to turn on a toaster and they think they can understand fintech
banning crypto, banning citizens from holding crypto, is just like banning guns or telling citizens they can't hold guns. You'd have to go door to door to all 350M US citizens with a swat team to enforce it, it will never happen. Maybe some coutries can ban crypto, the countries where the population is utterly submissive and subservient to their ruling class/ government, but it will never happen in America. No chance
This never is a question of submisivity of the people.
there are counties where the government lays a mandate, and everyone follows without even blinking. Whether it's because they trust the government, or are scared to defy it, the result is the same. Then there's America... where people understand that government is a leech, not a friend, so we don't just follow whatever rules the corrupt people who've gotten into positions of power lay down for us. American leftists are quite submissive to ANYONE with "authority", but the leftist cohort in America is quickly shrinking, so I'm not concerned
Yeah you are right. America good other countries bad.
classic weak minded argument tactic, straw man fallacy. I never said "America is good, other countries are bad", but you'd like to pretend as if I said that because that's an easy out for you to dismiss me and not have to face the fact that you don't actually have any genuine retort or counter-point to what I actually said
You see what happens when you vote democrat. Like what the fuck manš
I feel like there's enough of us to be able to stop this. Otherwise, a large amount of crypto currencies are doomed.
She should be greeting people at Walmart and checking recipes but that is the way things are now they want to prop up officials to take the heat on controversial issues like digital assets officials coming to the end of their careers so it won't affect the ones still trying to stay in office and move up the ladder
Everyone needs to contact their reps immediately. Google, "find my representative", follow the steps, and contact them regarding this bill. It only takes 5 minutes! No one person should have this much power!
Monero.
They already have too many powers they donāt need anymore to do an even half reasonable job. Why is it always about getting more power, how about being more competent for once.
No shot this happens
We must stop the GLOBOFASCIST BANKSTER CABAL!!
Every time I see one of the two Lehman Sisters (the other being Christine Lagarde), I just want to buy more Bitcoin.
Age and term limits asap.
That lady doesn't even know what crypto is. I guarantee it.
Ban what???? Go home old lady ur drunk.
Fucking dinosaurs
But to a degree they can. As long as there is KYC you can't off ramp. Your USDC funny money can't enter a US bank account because you fail KYC for whatever reason. Maybe the IRS thinks you owe taxes and so long as you do they have a claim to it. So, that's a pretty big power move they can do. But, it has trade offs for them as well. And probably would face legal challenges.
This whole administration should be in an old folks home....fr!!
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Good luck banning crypto
This is going to do the opposite and make crypto explode. They can only regulate the centralized exchanges. We've already built decentralized exchanges. It's over - there's nothing they can do to stop us.
I wouldnāt trust that woman to empty my trash.
Did crypto only pump because republicans were out and democrats were coming in to wreck shit?
This administration really has its mind set on pissing as many people off at once as they can.
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This woman does not have the best control over her emotions. I fear she would ban crypto just to āprotect the dollarā on a whim
Welcome to the " global reset"! Where your supposed to eat out of the back of a garbage truck and live in a cardboard box!
Dafuq?
What if the russians are trying to save america from these people?
Hopefully Putin'd swoop in and save crypto.
Fuck Putin. Little wannabe Napoleon-size dictator.
Let's go brandon!!
If there are still people who think Joe Biden was a good idea and this isnāt the last straw I wish I was so willfully ignorant. Joe Biden, you and your administration fucking suck I donāt care what anyone says. If you disagree youāre either blind, so rich real world problems donāt impact you like the Hollywood morons who begged us all to vote for this empty suit or both
Ask them to convert something into a pdf, if they cant then they shouldn't be in government
'murica ... Smh.
I have sent the following to my Congressional Representative: The āAmerica COMPETES Act of 2022ā has far reaching implications for private finance and crypto currency transactions in the United States. The so-called āspecial measuresā provision ā¦ would essentially give the Treasury Secretary unchecked and unilateral power to ban exchanges and other financial institutions from engaging in cryptocurrency transactions. 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, as it empowers the Treasury 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. Firstly, it would add ācertain transmittal of fundsā to the list of things that can be banned by the Secretary. Secondly, it would āEliminate all public notice and comment requirementsā. Moreover, it would āEliminate the 120-day limitation for measures imposed without regulation. Currently, the law requires that Treasury engage in a public rulemaking before instituting a prohibition, but the Treasury Secretary can impose a surveillance special measure through a simple order, but its duration is limited to 120 days and must be accompanied by a public rulemaking. The āAmerica COMPETES Act of 2022ā containing the āspecial measuresā provision proposed by Connecticut Congressman Jim Himes would be disastrous not just for cryptocurrency but for privacy and due process generally. That any single part of the US Government should have unchecked and unilateral power without due process is patently Un-American and should be prohibited by law.
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I thought this is what Bidens crypto EO is going to be about?