Crypto is under attack!
“(a) In general.—No person shall knowingly conceal, falsify, or misrepresent, or attempt to conceal, falsify, or misrepresent, from or to a financial institution, a material fact concerning the ownership or control of an account or assets held in an account with a financial institution.">
“(b) Penalties.—A person convicted of an offense under subsection (a), or a conspiracy to commit such offense, shall be imprisoned for not more than 10 years, fined not more than $1,000,000, or both.
Senator Diane Feinstein is trying to push a bill to essentially make it illegal to use cryptocurrencies. We need to work together to kill this particular bill. Whatever reservations you have about "oh, calling your congressman is straight communism" or whatever, now is not the time, we need to murderate this law.
Read the bill here
Basically, this is just starting out, but we need people to help us defeat this. Let's be focused, people.
OUR GOAL: Kill this bill, permanently if possible.
This bill is awful. It has crazy stuff in it like:
SEC. 8. Freezing bank accounts of persons arrested for offenses involving the movement of money across international borders.
Yeah, that's right. Send bitcoin to your auntie in the old country and you'll get 5 years, matey.
SEC. 10. Technical amendment to restore wiretap authority for certain money laundering and counterfeiting offenses.
Suspected of using bitcoin? Great, now we have a justification to look at your nudes!
SEC. 15. Obtaining foreign bank records from banks with United States correspondent accounts.
This entire section is terrifying and orwellian beyond what I canPost too long. Click here to view the full text.