this post was submitted on 09 May 2024
15 points (89.5% liked)

Monero

1663 readers
12 users here now

This is the lemmy community of Monero (XMR), a secure, private, untraceable currency that is open-source and freely available to all.

GitHub

StackExchange

Twitter

Wallets

Desktop (CLI, GUI)

Desktop (Feather)

Mac & Linux (Cake Wallet)

Web (MyMonero)

Android (Monerujo)

Android (MyMonero)

Android (Cake Wallet) / (Monero.com)

Android (Stack Wallet)

iOS (MyMonero)

iOS (Cake Wallet) / (Monero.com)

iOS (Stack Wallet)

iOS (Edge Wallet)

Instance tags for discoverability:

Monero, XMR, crypto, cryptocurrency

founded 1 year ago
MODERATORS
 

I only had time to read it once but here are some interesting points:

  • This would put a 2-year moratorium on mixers.
  • It interestingly classifies 'Privacy Coins' in a different category than mixers.
  • States there are 'legitimate uses' for mixers
  • Would have the Secretary of the Treasury prepare a report that includes information on "The capacity of the Financial Crimes Enforcement Network, the Office of Foreign Assets Control, and Federal and State law enforcement agencies to track, prevent the transfer of, freeze, and confiscate funds that have been processed through digital asset mixers, privacy coins, and other anonymity-enhancing technologies"

Full proposal available here: https://casten.house.gov/imo/media/doc/blockchain_integrity_act.pdf

you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 6 points 6 months ago

When you have a large and violent mafia that controls the world's main currency the dictates they set will affect most of the world.