Cryptocurrency: US Congress To Allow Treasury To Ban All Exchanges

[grarpamp]

"The ability to store wealth across time, to decrease the risk of the
catastrophes of the future, is the problem civilization set out to
solve."
https://www.youtube.com/watch?v=iVym9wtopqs  Peterson: CryptoPilled
https://www.youtube.com/watch?v=FXvQcuIb5rU  Peterson: CryptoPilled

https://cryptobriefing.com/bitcoin-1m-ethereum-180000-2030-ark-invest/



US Congress: Yet another Omnibus Bill has been introduced in Congress,
that contains provisions that seeks to prohibit crypto transactions,
damage privacy and constitutional rights. Once again, we have to fight
these laws.

https://www.coincenter.org/new-bill-would-hand-treasury-blank-check-to-ban-crypto-at-exchanges/
https://rules.house.gov/sites/democrats.rules.house.gov/files/BILLS-117HR4521RH-RCP117-31.pdf
Jim Himes put it in the bill. Jim Himes (D) - former executive at Goldman Sachs
JP Morgan and their industry want all the wealth centralized. Without
it, their monetary system falls apart.
https://youtu.be/a2IP9ApZuUU

After the Infrastructure bill debacle where anti-crypto laws were
introduced in a must pass bill, now a new America COMPETES act has
just been filed in Congress. This Bill on the surface seeks to make US
more competitive against China.

But hidden deep in its 2900 pages, this Bill contains provisions that
give the Treasury unlimited powers to prohibit and block crypto
exchanges.

Currently, the Treasury cannot take unilateral decisions to block
crypto transactions without a formal notice and a public process, and
give a 120 day period to challenge any decision. However, under the
new Bill, the Treasury can take decisions without any formal process,
based solely on its own apprehensions.

The new bill allows the Treasury headed by Yellen to block
transmission of funds if the Treasury deems so. It can quickly order
blocking any transaction or exchange without any review process or
administrative controls. This gives the Treasury unchecked control
over all crypto exchanges and transactions.

This language was already included in a bill from last year, however
there was opposition and it was removed. However yet again this has
been sneaked into a must pass bill. The very idea of sneaking in such
clauses in 2900 pages of incomprehensible regulations stinks. How are
even the legislators going to read any of this?