Bitcoin Community Should Take Treasury Department To The Supreme Court

I think the inevitable necessity of taking the treasury department and FinCen to the Supreme Court is coming. Most of the Banking Secrecy Act and laws surrounding it are imho and others opinions significantly unconstitutional, but the increasing interpretations of it and how we would see it interpreted to apply to crypto would be even more unconstitutional. They are in many ways circumventing the need for a warrant to do searches.

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Mnuchin and the Senate are becoming increasingly hostile to bitcoin, and making increasing demands that are incapable and incompatible with the protocol. The bitcoin protocol absolutely is a numbered swiss acount by design, so they are not so subtly implying that they see the protocol as inherently criminal. This is all going to come to a head at some point likely in the Supreme Court.

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mark my word they are going to go after software developers, miners, hardware wallet manufactures, and most likely criminalize non reporting of addresses through onerous treasury reports and accounting. It's a lot like red flag laws with guns, they do not want a bill of rights, and they do not want you having cash or firearms. They hate what they can't see. The Treasury and FinCen are very sophisticated, it's unwise to underestimate them.

Submitted February 14, 2020 at 02:56AM by samdane7777 https://ift.tt/2vtosDm