yael on Nostr: We can restore financial privacy now by nuking the Bank Secrecy Act. Get a damn ...

We can restore financial privacy now by nuking the Bank Secrecy Act.

Get a damn warrant and let builders build.

Bitcoin exchanges, e-cash, fedimints, lightning, Ark, liquidity providers, and HODLers. We all benefit.

There is a way.

quoting note14gv…vfey

On timevalueofbtc (npub1qw6…2v52)'s Bitcoin Layer podcast, I made the case for Bitcoin transactions and activity being protected under both the First and Fourth Amendments.

As we've seen from recent Supreme Court attempts to overturn the third-party doctrine, there are legal interpretations that would protect our ability to use coinjoins, second layer protocols, and much more.

If we can start with reforming the Bank Secrecy Act, we could empower Bitcoin users even more by removing the dragnet financial surveillance forced on bitcoin exchanges and liquidity providers, and also to underscore the inviolability of self-custody and noncustodial tools