The path to hell is paved with good intentions. From an understandable desire to mitigate the use of finance by bad actors, Section 1960 is increasingly being wielded as a weapon against increasingly adjacent activities. The consequences will be the creation of a system that is inherently authoritarian and antithetical to the fundamental American ideal of individual liberty.
Jake Chervinsky
Jake Chervinsky7.8. klo 01.12
Roman Storm was convicted for conspiracy to operate an unlicensed money transmitting business under Section 1960. The jury was deadlocked on money laundering and sanctions. DOJ will decide in the coming days if it wants to retry those charges in a new trial. A sad day for DeFi.
Don't think it can happen? Do a little history reading to convince yourself that it can happen, and even has happened, here in the U.S. The difference now is that technology enables that net to be much more granular, and the BSA enables the net to be spread much wider than before
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