On Bitcoin Privacy: More Deputy Attorney General, Less New York Attorney General

On Bitcoin Privacy: More Deputy Attorney General, Less New York Attorney General

Observe Frank on X.

On Monday, Deputy Attorney General (DAG) Blanche printed a memo entitled “Ending Regulation By Prosecution” through which he acknowledged that the U.S. Division of Justice will cease its crackdown on bitcoin and crypto mixers.

Right here’s the precise language he used within the memo:

“…the Justice Department will stop participating in regulation by prosecution in this space. Specifically, the Department will no longer target virtual currency exchanges, mixing and tumbling services, and offline wallets for the acts of their end users or unwitting violations of regulations…”

The next day, New York Attorney General (NYAG) James co-authored a letter through which she known as on congressional leaders to create federal crypto regulation, partly to forestall using crypto mixers for illicit functions.

Right here’s what she and her co-authors needed to say about crypto mixers:

“Effective legislation must require cryptocurrency platforms to expressly comply with anti-money laundering laws, know your customer (“KYC”) laws and cyber safety protocols to forestall using cryptocurrency to finance terrorism, adversarial regimes, and crime. Cryptocurrency that can’t be absolutely traced, resembling these going by cash laundering mixers, should not be allowed to be transformed, instantly or not directly, to U.S. {dollars}.”

Whereas DAG Blanche gave the advantage of the doubt to customers of Bitcoin and crypto mixers, NY AG James implied that every one customers of such mixers are criminals, as she refers back to the expertise as “money laundering mixers.”

Such language is deeply regarding to listen to from the lawyer normal of a state — a lot much less any lawyer — because it presumes guilt.

NY AG James has employed the sort of rhetoric round Bitcoin and crypto since she assumed the lawyer normal position in 2018, and it’s unfair as a result of 1.) she’s by no means as soon as acknowledged that human rights and pro-democracy activists use mixers to protect each their privateness and the privateness of their donors and a couple of.) U.S. residents have a proper to monetary privateness.

So, as the subject Bitcoin privateness turns into extra outstanding within the political sphere, make sure to do your half to amplify the kind rhetoric that DAG Blanche is utilizing whereas pushing again on the damaging and unjust rhetoric from the likes of NY AG James.

It’s as much as us to make our voices heard on this challenge and to let our elected officers know that it issues to us, particularly because the Samourai Pockets and Twister Money instances unfold (extra on each instances within the dialogue under).

The struggle for our proper to switch worth throughout the web privately is afoot. Please don’t keep on the sidelines.

This text is a Take. Opinions expressed are fully the writer’s and don’t essentially mirror these of BTC Inc or Bitcoin Journal.

Supply hyperlink

author avatar
Crypto Dunia
bitcoin
Bitcoin (BTC) $ 117,581.50 4.05%
ethereum
Ethereum (ETH) $ 2,973.20 5.57%
xrp
XRP (XRP) $ 2.79 12.41%
tether
Tether (USDT) $ 1.00 0.01%
bnb
BNB (BNB) $ 694.31 3.22%
solana
Solana (SOL) $ 162.94 2.76%
usd-coin
USDC (USDC) $ 1.00 0.00%
dogecoin
Dogecoin (DOGE) $ 0.205466 11.70%
tron
TRON (TRX) $ 0.299648 2.94%
staked-ether
Lido Staked Ether (STETH) $ 2,975.27 5.57%
cardano
Cardano (ADA) $ 0.731922 14.12%
hyperliquid
Hyperliquid (HYPE) $ 46.13 8.32%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 117,269.42 3.86%
wrapped-steth
Wrapped stETH (WSTETH) $ 3,577.61 5.63%
sui
Sui (SUI) $ 3.47 3.73%
stellar
Stellar (XLM) $ 0.371138 25.62%
chainlink
Chainlink (LINK) $ 15.62 7.45%
bitcoin-cash
Bitcoin Cash (BCH) $ 530.49 4.22%
avalanche-2
Avalanche (AVAX) $ 21.20 7.27%
hedera-hashgraph
Hedera (HBAR) $ 0.200148 10.90%
leo-token
LEO Token (LEO) $ 8.99 0.24%
wrapped-eeth
Wrapped eETH (WEETH) $ 3,186.33 5.41%
shiba-inu
Shiba Inu (SHIB) $ 0.000014 7.50%
the-open-network
Toncoin (TON) $ 2.99 3.60%
litecoin
Litecoin (LTC) $ 96.92 5.35%
weth
WETH (WETH) $ 2,977.06 5.78%
usds
USDS (USDS) $ 0.999997 0.00%
whitebit
WhiteBIT Coin (WBT) $ 46.70 0.13%
binance-bridged-usdt-bnb-smart-chain
Binance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 0.994802 0.61%
polkadot
Polkadot (DOT) $ 4.02 8.79%
monero
Monero (XMR) $ 327.73 1.11%
coinbase-wrapped-btc
Coinbase Wrapped BTC (CBBTC) $ 117,486.48 3.85%
ethena-usde
Ethena USDe (USDE) $ 1.00 0.05%
pepe
Pepe (PEPE) $ 0.000013 11.06%
uniswap
Uniswap (UNI) $ 8.85 7.25%
bitget-token
Bitget Token (BGB) $ 4.50 1.08%
aave
Aave (AAVE) $ 307.42 2.05%
pi-network
Pi Network (PI) $ 0.488074 0.35%
bittensor
Bittensor (TAO) $ 391.17 9.36%
dai
Dai (DAI) $ 1.00 0.02%
aptos
Aptos (APT) $ 5.01 7.22%
near
NEAR Protocol (NEAR) $ 2.60 8.14%
crypto-com-chain
Cronos (CRO) $ 0.100622 4.74%
ethena-staked-usde
Ethena Staked USDe (SUSDE) $ 1.18 0.04%
okb
OKB (OKB) $ 49.60 2.20%
internet-computer
Internet Computer (ICP) $ 5.52 5.50%
ondo-finance
Ondo (ONDO) $ 0.908856 5.38%
jito-staked-sol
Jito Staked SOL (JITOSOL) $ 198.39 2.96%
ethereum-classic
Ethereum Classic (ETC) $ 18.63 4.75%
blackrock-usd-institutional-digital-liquidity-fund
BlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00 0.00%
kaspa
Kaspa (KAS) $ 0.090067 10.50%
susds
sUSDS (SUSDS) $ 1.06 0.02%
usd1-wlfi
USD1 (USD1) $ 1.00 0.01%
ethena
Ethena (ENA) $ 0.34481 14.06%
cosmos
Cosmos Hub (ATOM) $ 4.74 8.61%
mantle
Mantle (MNT) $ 0.639142 4.86%
vechain
VeChain (VET) $ 0.025058 9.79%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.234733 11.44%
arbitrum
Arbitrum (ARB) $ 0.414832 12.14%
official-trump
Official Trump (TRUMP) $ 10.15 7.00%
gatechain-token
Gate (GT) $ 16.54 2.37%
render-token
Render (RENDER) $ 3.77 9.15%
algorand
Algorand (ALGO) $ 0.22481 13.83%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 0.744222 4.57%
fasttoken
Fasttoken (FTN) $ 4.45 0.38%
sei-network
Sei (SEI) $ 0.341935 21.89%
worldcoin-wld
Worldcoin (WLD) $ 1.08 12.96%
filecoin
Filecoin (FIL) $ 2.64 6.00%
binance-peg-weth
Binance-Peg WETH (WETH) $ 2,955.51 4.48%
bonk
Bonk (BONK) $ 0.000023 0.15%
sky
Sky (SKY) $ 0.082 1.34%
lombard-staked-btc
Lombard Staked BTC (LBTC) $ 117,431.46 4.31%
quant-network
Quant (QNT) $ 115.30 3.03%
jupiter-perpetuals-liquidity-provider-token
Jupiter Perpetuals Liquidity Provider Token (JLP) $ 4.73 1.94%
spx6900
SPX6900 (SPX) $ 1.68 9.12%
binance-staked-sol
Binance Staked SOL (BNSOL) $ 173.14 2.76%
jupiter-exchange-solana
Jupiter (JUP) $ 0.498102 7.81%
usdtb
USDtb (USDTB) $ 1.00 0.04%
first-digital-usd
First Digital USD (FDUSD) $ 0.999796 0.06%
kucoin-shares
KuCoin (KCS) $ 11.36 0.88%
kelp-dao-restaked-eth
Kelp DAO Restaked ETH (RSETH) $ 3,119.10 5.45%
pudgy-penguins
Pudgy Penguins (PENGU) $ 0.02219 16.08%
rocket-pool-eth
Rocket Pool ETH (RETH) $ 3,391.18 5.47%
celestia
Celestia (TIA) $ 1.95 12.15%
usdt0
USDT0 (USDT0) $ 1.00 0.01%
fartcoin
Fartcoin (FARTCOIN) $ 1.31 9.53%
nexo
NEXO (NEXO) $ 1.28 3.34%
injective-protocol
Injective (INJ) $ 12.92 14.95%
story-2
Story (IP) $ 4.40 33.47%
xdce-crowd-sale
XDC Network (XDC) $ 0.075112 3.10%
flare-networks
Flare (FLR) $ 0.017314 5.20%
optimism
Optimism (OP) $ 0.685413 13.35%
sonic-3
Sonic (S) $ 0.367024 13.89%
memecore
MemeCore (M) $ 0.678059 64.46%
blockstack
Stacks (STX) $ 0.764328 8.62%
virtual-protocol
Virtuals Protocol (VIRTUAL) $ 1.79 5.89%
mantle-staked-ether
Mantle Staked Ether (METH) $ 3,177.67 5.49%
stakewise-v3-oseth
StakeWise Staked ETH (OSETH) $ 3,128.02 5.36%
solv-btc
Solv Protocol BTC (SOLVBTC) $ 116,939.33 3.44%
polygon-bridged-usdt-polygon
Polygon Bridged USDT (Polygon) (USDT) $ 1.00 0.00%
Scroll to Top