LynAlden on Nostr: FinCEN’s proposal to outlaw all crypto privacy is a huge overreach. They apply a ...

FinCEN’s proposal to outlaw all crypto privacy is a huge overreach. They apply a section of the Patriot Act on a “class of transactions” in a new precedent. Doesn’t matter if it’s custodial or noncustodial- merely using certain type of code can be an illegal act.

People are caught by the potential spot ETF, meanwhile this is proposed. Now they fight you.

https://www.nobsbitcoin.com/fincen-wants-to-outlaw-certain-bitcoin-on-chain-transactions/