DeFi enthusiast ๐ฉ๐พโ๐๐. Freedom maxi ๐ณ๏ธโ๐๐ด. Ultrasound frend ๐ฆ๐.
Gensler: Thereโs regulatory clarity.
Congress: Is Ether a security?
Gensler: No idea.
โIn 1970 Richard Nixon deputized the financial services field to turn them into a branch of law enforcement. Law enforcement beyond borders. Law enforcement beyond jurisdictions. And most importantly law enforcement beyond due process. Beyond political and democratic control, beyond recourse. A cop can confiscate your money. A judge can sign a warrant to freeze your accounts. And a bank can do both of those things without any authorization from anyone and there's nothing you can do about it. And this applies worldwide. Money as a system of control supersedes all other functions of money. When money is turned into an enforcement tool the other functions start getting eroded. It is no longer the best medium of exchange because its function as a medium of exchange is subordinate to it's function as a system of law enforcement, a system of control. And at that point the system of control aspect starts corrupting everything.โ - Andreas Antonopoulos (2017)
Is this crypto? Bitcoin? Luna?? ShibaInuElonRocket???
No, itโs First Republic BANK.
The RESTRICT ACT would allow the police to reach into any online activity you have, including your computers and smart devices and cloud data and internet communications, and search it without a warrant.
Why protect anyone from the Chinese government when we can just mimic it ourselves?