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Today, Rep. Ritchie Torres and I introduced the Blockchain Regulatory Certainty Act to protect blockchain developers and service providers that never custody consumer funds from unjust government prosecution.

Huge. The BRCA is the best way to protect developers and innovators from undue regulation by prosecution. Avoiding surprise prosecutions, creating legal clarity, and encouraging free speech are not partisan issues; they are core American values, and the BRCA codifies them.

The $200 CTR threshold on the southern border might be the final straw for the BSA's constitutionality (the 1970s cases that found it constitutional had deciding votes from justices who warned that more aggressive surveillance would go too far).

But these cases about remittance providers are perfect. Hopefully it's the beginning of a wave that severely limits the amount of warrantless financial surveillance government can get away with in America.

I think what JG and Ryan Lackey crew have built at Evertas is wildly resourceful. keep your eyes on them.

Kumar JG Thanks! The team at Evertas is amazing, and it's great to be able to help the industry grow by providing some critical business infrastructure.

The bank lobby is at it again, now getting desperate enough that they are saying the quiet part out loud. The fear? Stablecoins will cause a reduction in bank deposits. Why? Because they compete with banks and commit the unforgivable sin of potentially being a better deal so

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.Alex Thorn has already discussed this NYT op-ed well, but my 2c. the author makes elementary mistakes about the dollar system and stablecoins. > [crypto] carries enormous risk for financial stability across the world. For starters, we can look at the words of crypto

nic carter Alex Thorn This is an excellent point by point refutation of a guest essay that is entirely garbage.

"we have investigated ourselves and found ourselves not guilty"

For those keeping score at home on the unintended consequences of KYC... today the hacked Instagram account of a multi-platinum rapper posted the passport and face of a major crypto founder because he refused to pay the hackers 40 Bitcoin. Things are only going to get weirder

I am so back

I actually didn’t understand this at first. The privacy model of Zcash is so much stronger than the mixer model that it doesn’t matter if many transactions are transparent. What you think you know about privacy is the wrong mental model.

This sounds glib but I'm serious. A financial institution has a good business reason to know certain specific risks a customer presents (creditworthiness, illicit activities). That does not mean they have a good business reason to know anything else about them. Indeed, in a free

So maybe we should just stop building surveillance systems and require privacy by design? These sorts of systems are ripe for abuse by legitimate authorities, but also malicious actors. We need to stop building the tools of our own destruction.

Sauna infra is a leading indicator of a city’s cultural and social energy. NYC is at an inflection point , with 10+ new builds underway. SF? Still in the first innings.

You can be criminally "unlicensed" even if no one gives out licenses to do that thing. Whether your activities fit the definition of licensed conduct is not relevant because you can be unlicensed even if the regulator who licenses says you fall out of the category of persons