01-27-2022, 01:43 PM
New threat: America COMPETES Act
<!-- SC_OFF --><div class="md"><p>If it passes in its origin form it hands Janet yellen the power to unilaterally ban all forms of payments and remittances that provide any sort of anonymity. This obviously targets ALL cryptos and anyone who thinks otherwise is kidding themselves. US people need to write to their representatives IMMEDIATELY about this. The treasury may not choose to use it immediately or will argue it wont be for crypto, but they will have to power to do so at anytime and that is something the space really really does not want hanging over it.</p> <p>Edit: Source - <a href="https://www.coincenter.org/new-bill-would-hand-treasury-blank-check-to-ban-crypto-at-exchanges/">https://www.coincenter.org/new-bill-would-hand-treasury-blank-check-to-ban-crypto-at-exchanges/</a></p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/TheOT1001"> /u/TheOT1001 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/sdhlg7/new_threat_america_competes_act/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/sdhlg7/new_threat_america_competes_act/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>If it passes in its origin form it hands Janet yellen the power to unilaterally ban all forms of payments and remittances that provide any sort of anonymity. This obviously targets ALL cryptos and anyone who thinks otherwise is kidding themselves. US people need to write to their representatives IMMEDIATELY about this. The treasury may not choose to use it immediately or will argue it wont be for crypto, but they will have to power to do so at anytime and that is something the space really really does not want hanging over it.</p> <p>Edit: Source - <a href="https://www.coincenter.org/new-bill-would-hand-treasury-blank-check-to-ban-crypto-at-exchanges/">https://www.coincenter.org/new-bill-would-hand-treasury-blank-check-to-ban-crypto-at-exchanges/</a></p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/TheOT1001"> /u/TheOT1001 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/sdhlg7/new_threat_america_competes_act/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/sdhlg7/new_threat_america_competes_act/">[comments]</a></span>Kind Regards R