https://www.congress.gov/bill/115th-congress/senate-bill/1241/text#toc -idea0e9489fc8f46379f95bb56c8bbbda5
This is a new bill that was introduced on the floor of the US Senate entitled,
“Combating Money Laundering, Terrorist Financing, and Counterfeiting Act of 2017.”
It basically says everything is evil..
1. Cash is Evil
2. Bitcoin/Crypto is Evil
3. Prepaid Phones are Evil
4. Gift Cards/Vouchers/Coupons are Evil
These people are certifiably insane. Among the bill’s sweeping provisions, the government aims to greatly extend its authority to seize your assets through “Civil Asset Forfeiture”.
Civil Asset Forfeiture rules allow the government to take whatever they want from you, without a trial or any due process.
This new bill adds a laundry list of offenses for which they can legally seize your assets… all of which pertain to money laundering and other financial crimes.
Here’s the thing, though: they’ve also vastly expanded on the definition of such ‘financial crimes’, including failure to fill out a form if you happen to be transporting more than $10,000 worth of ‘monetary instruments’.
Have too much cash? You’d better tell the government.
If not, they’re authorizing themselves in this bill to seize not just the money you didn’t report, but ALL of your assets and bank accounts.
They even go so far as to specifically name “safety deposit boxes” among the various assets that they can seize if you don’t fill out the form.
This is unbelievable on so many levels.
It’s crazy to begin with that these people are so consumed by the fact that someone has $10,000 in cash.
But it’s even crazier that they’re threatening to take EVERYTHING that you own merely for not filling out a piece of paper, without any due process whatsoever.
1/2
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>>2445238 (OP)
I'm really getting tired of these fucks.
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Oh, and on top of civil asset forfeiture penalties, there are also criminal penalties.
Right now according to current law they can imprison you for up to FIVE YEARS for not filling out the form. Five years.
But apparently that doesn’t go far enough so this bill aims to double the criminal penalty to TEN years in prison.
Further, their bill wants to pull any business which “issues” cryptocurrency under the anti-money laundering regulatory umbrella.
Here’s where these people demonstrate that they have no idea what they’re talking about.
No one “issues” Bitcoin. There’s no Bitcoin central bank. There’s no Chairman of Bitcoin who decides on a whim to increase the supply.
Bitcoin is created automatically amounts that are predetermined by its code. It’s software.
So the Senate is essentially trying to force the Bitcoin core software to comply with money laundering regulations.
The bill also attempts to drop a major bomb on Bitcoin by including it in the list of monetary instruments that must be reported when entering or leaving the US.
CALL your congress & house of representatives and tell them not to pass this bill!
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>>2445238 (OP)
Please keep posting OP. I'm intrigued by the lack of mental capacity these faggots have.
There is no way TRUMP will let this pass. Right?
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>>2445286
>The bill also attempts to drop a major bomb on Bitcoin by including it in the list of monetary instruments that must be reported when entering or leaving the US.
So you can't even get away from the US to avoid this bullshit. Holy shit man
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>>2445238 (OP)
OHOHOH HOHOHOHOOO hHOOHOOO
enjoy your trumpland. your gun violence and uninsurance. your great public transportation system and wonderful, protected environment!
USA - slavery at its finest^
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>>2445323
Yes, this. Expect ETH to be outright banned as a sanctioned Russian terrorist coin when they regain power. Clock is ticking until 2018. Vitilak is a fucking idiot for ever meeting Putin if he knows anything how strong the anti-Russian backlash is due to the election hack.
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>>2445238 (OP)
yeah fuck the u.s.
I'm leaving this country once I have enough in Bitcoin
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>>2445238 (OP)
Can we save crypto?
No it's fucked
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>>2445238 (OP)
these retards have no idea how crypto works. Also (((Feinstein))) of course this vampiric bitch who won't just fucking die.
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>mfw this bill will stop a lot of crime
>mfw a handful of dweebs oppose the bill because it might interfere with their internet monopoly money earnings
these bills have a huge impact on big crime outfits. saying we shouldnt have bills like this because some random nerd will be affected is like saying we shouldnt have stop signs or traffic lights for cars and trucks because they impede the travel of you on your rollerskates
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>>2445316
And how is this enforceable?
No, seriously, you put whatever amount you have in an encrypted file, and how exactly are they going to know it belongs to you, or how did those funds became yours?
"No sir, I have no such thing".
Even if they search you thoroughly through every means possible to them, HOW will they get to your bitcoin backup?
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>>2445395
It's possible that the bill simply doesn't pass, or is changed to the point of no longer being horrifying.
Obviously they shoot for the stars with their demands so that they have more sway when it comes to the round-a-bout between the two parties, and the President.
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>>2445465
I got stoned and had a fantasy a few weeks ago about the Hillary vs Trump election. In my fantasy each candidate represented a faction of the deep-state/financial elite established order. Hillary represented the status quo side of fiat currency and the central bank, and Trump represented those willing to go big on crypto.
Reflecting on it on Sobriety, it makes some sense. Trump & his associates have been somewhat friendly towards crypto, while the old Democrat establishment are the ones trying to squash it down the hardest. You can see this from Feinstein, and also in NY and WA.
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>>2445238 (OP)
>1. Cash is Evil
>2. Bitcoin/Crypto is Evil
All that matters for them here is number 1 and number 2. They know the financial crash is inevitable and preparing for that. Everything is exactly as James Rickards described. Better start buying physical gold now
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>>2445471
Agreed. I'm now starting to enter my mid-20's, and the hope I used to have towards the future is pretty much eradicated.
I still have hopes, dreams, and things I strive for, but at the end of the day I wasn't taught the most basic principles to survive on my own w/o the use of Burgertokens.
I find myself wanting to quit every single day, but at the same time realize the cost of doing that. You literally have to pay the government for anything and everything. You stumble across Blackbeard's hidden treasure? Better save some of those dubloons for when Uncle Sam comes nosing around because you now live in a decent house, and aren't contributing to the workforce.
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>>2445238 (OP)
OP can you make this thread in /pol/ too? This needs to get out
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>>2445444
Crime doesn't get funded out of nowhere, dipshit. If you don't want to contribute to the solution of crime (an overly generalized concept), suuuure let the gov baysit you.
Don't go complaining about the UK's public security policies later. WATCH OUT, HE'S GOT A METAL TABLE KNIFE!
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>>2445286
>>2445238 (OP)
>Congress regulates Bitcoin
Lol. So..everybody switch to ETH?
>Congress bans ETH
Ok...switch to Monero?
This is so fucking easy....
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>>2445238 (OP)
Nice, this will only drive even more money in crypto, seeing as how it's an asset that the government has no way of seizing without obtaining your private key. Better yet, it's an asset they have no way of even knowing you own if you store it properly. I fully expect the crypto market cap to reach $1 trillion by the end of the year if this bill passes.
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>>2445450
I think what's even cooler is that you can send your entire net worth to some BTC address, memorize the private key, and then delete any traces of it (this is obviously a stupid idea so make backups and bury them in a safe or something but you get the idea) and then the entire wallet would be in your brain.
Just your entire fortune in your brain with no way for anyone to ever possibly take it away.
It's a completely effective way of fully removing US money from circulation if anyone wanted to do that.
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>>2445386
Senator (((Feinstein))) from CA sponsored this tripe. She's worth 50MM herself thanks to americans who act like faggot eurotrash such as yourself instead of patriotic citizens of the leader of the free world. Doubt the dried out cunt even read it.
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>>2445747
This. Very cool. Any regulation that tries to control cryptocurrency without even a basic understanding of it will only hurt law-abiding americans and set us back from the rest of the world. It'd be like banning spinning machines during the industrial revolution.
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>(((feinstein)))
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>>2445471
>>2445525
you faggots.
You are slaves not because of gov. regulation.
- You are slaves because you can't fight for your rights - you don't understand them.
Your unions got crushed, for example, and have never rebuilt.
- Your school system doesn't work, and only the rich kids get mildly smart. Is it true that some schools teach "creationism"?? kek
- You are competing against "illegals".. it's another scam to keep wages lower then low. Because you can register someone "like that" BAM! It's what governments do. Don't have to give em citizenship, just tracking would be enough.
- You're locked up for life, at the mildest convictions. Or locked up for years. Either way, they are making a ton of money from taxpayers, keeping people like kettle (This is the most disturbing part maybe).
- Half of aaaaalll your money, even more then half, is going into the military. They are just chopping it up. They even can't account for trillions of that money xD xD
- You are not insured. Even in russia, if something happens, you go to the hospital, get it fixed. Get out. BAM. No check to pay... Mother... friggin... russia... (and every other country in the world)
There is so much more to this... please anons, what DO YOU THINK?
I sincerely believe now, the education is held down in the US on purpose. What other explanation can there be?
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>>2445238 (OP)
Sen Whitehouse is my bro. I'll email his boy Chris Mewitt and we'll see what we can see.
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>>2445848
This is all true, but at least I have my crypto memebux. If those get taken away from I am going to give up completely and lose my fucking mind. A man can only be pushed so far.
>>2445836
Hopefully not. If Trump even dreams of signing this shit I'm going quit my job, grow out nappy dreads, and join ANTIFA, (and I hate those fucks)
>>2445772
Absolutely.
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>>2446049
Agreed. I'll gladly pay taxes for good roads, services (such as fire departments and infrastructure investments). The part that I dislike is when they use our taxes for nefarious things like spying on our own citizens and giving free bailouts to banks.
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>>2445952
>>2445759
you're bringing down nothing.
All you had to do was sit at the new york exchange and occupy it.
Then, some police threw a bit of pepperspray, and you got scared.
You pussies maybe even weren't at occupy...
Open you eyes to your gun obsession. This has nothing to do with protection or defense.
IT IS A COCK REPLACEMENT, for small cocks.
Come on, everybody knows that, around the world. Only in the US it its a kind of lifestyle, having small cocks.
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I'll be damned. Cash ban rumors were true the madmen are actually trying to do it.
>Ban cash
>Crash happens
>No way to run on banks
>Everyone becomes serfs
>They raise taxes anyway cause serfs should never make money
I hate this country, it is nothing but a giant milking scheme (income tax, capital gains tax, must pay tax when you aren't in the us, no other Western country does this) can't even renounce citizenship without paying a fucking tax. This is exactly why crypto exsist in the first place so we don't have to deal with this bullshit.
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>>2446157
It's impossible to win in my opinion. Overact or expand government power to enforce your policy and people get their policy enforced alright, but they don't like how much power you have, on the flip side the government act restrained and everyone calls for 'change' i.e more government power.
I don't like how the federal government grows every year. It's never even just not-grown in budget, meanwhile the states languish. They actually have to obey the rules of money and then they feed off the federal magic money bribes.
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>>2445238 (OP)
I fucking hate my country so much sometimes. This is one of those times. If you're a non-American and think this won't effect you in more ways than just the price going down, you are wrong.
What they're doing is such an unbelievably big blow to freedom it might as well be the digital version of gun confiscation.
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>>2446275
The only way forward is to minimize corruption. Look at the index for the happiest countries in the world - they all have low political corruption. This requires an informed populace, which in turn requires good media sources. Look at the sorry state of journalism in the US media and UK tabloids. It indoctrinates people and manufactures consent to fuck over ordinary people.
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>>2446275
>don't like how the federal government grows every year
this is not an issue about expansion or how much power government has.
It is about basic needs and that the US gov. failes to provide them.
Public transport, schools, roads, bridges, medical aid, security, freedom...
A government must provide these, and protect these.
All you do is whine about government power.
It has power alright,
it's just not working for you pal!
Why are yall locked up in this stupid ideological discussion about government power? What the fuck? When your neighbors live in poverty, your children are stupid as hell and nothing is working? You are still debating about ideological, abstract issues... mehmeh, "more" or "less" power....
At least my GF wakes up in the morning and gets her "daily trump" with her coffee xD ... thats what she calls the shitshow, which is a good funny morning starter at our place
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>>2446413
People like you, as virtuous as you think yourselves, are the reason things are the way they are. Smugly looking down on all the stupid peasants, who are nowhere near as enlightened as you are (I can almost guarantee this is a word that comes to mind when you consider your political and moral positions).
You're Dunning-Kruger incarnate.
>Haha stupid Drumpf! Impeachment when?!
Never. And I don't even like the guy.
Also, your gf is cheating on you.
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>>2445238 (OP)
If you haven't yet, write your congressman and your senators, it sounds faggy, but it is really important to get our message across.
Tell them that we don't want this bill and will not vote for you if you pass it.
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>>2446553
oooooh, come oooon faggot, try again.
Think I feel better than you? I feel bad for you. And the other unfortunate.
And I feel angry that the propaganda is working. When I travel to russia, it's working there. Europe, it's working. US? Even worse...
You really think I feel better because I pay more tax?
Or because I use the public transport only, coz it's so f* cheap and cozy?
Or do I feel better because of my social security?
We got our own problems here too you know?
Good things happen in the US, no question. Good people.
Just don't be ideological, think for a moment.
My GF and I are tight, we both kinda want to try out more things with others, but we're not sure how this will turn out... better just enjoy the moment.
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>>2446002
>I sincerely believe now, the education is held down in the US on purpose.
I think you are right. A lot of people here can't think properly and aren't well educated. Kids are treated like property more or less and the school system is a monumental joke.
There is a toxic generational aspect, the older cohort is utterly incapable of learning anything new, and is the richest cohort in human history and the level of decadence is pretty high. People under 40 are basically trapped, sold out, but not smart enough to realize they've been screwed. The kids are really, really screwed. Childhood is a time now where they are monitored, coerced, controlled and corrupted by church and cultural forces leveraged by technology, not to mention food.
Lastly religion and all manner of fantasy is the rule among so-called "mature adults". Politics is hopeless but lumbering along by inertia. The service economy has disintegrated any natural relatinoships between society and persons. The most cohesive social units are the religious cults which operate in isolation. Television and religion occupy President and VP in DC, for instance. (Trump/Pence).
This is a country which spreads toxic waste on farmland and up until 1980 put lead in gasoline. Every metric from happiness to intelligence has gone down since. Infrastructure is crumbling and there is a real sense that your well-being is dependent on beggaring your neighbor and a sense of desperation runs underneath daily life which is for most an absurd, miserable form of slavery (which people more or less masochistically accept as a reasonable price for existence- ie, they BUY this high priced, low quality of life and participate in a sort of belief cult whose doctrines exist in the messages of mass media entertainments and marketing/advertising.) Short term thinking rules at every stage. Quick self-gratification, usually in the form of food or alcohol dominates. Everyone is ugly and no one has sex.
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>>2446553
>People like you, as virtuous as you think yourselves, are the reason things are the way they are. Smugly looking down on all the stupid peasants, who are nowhere near as enlightened as you are (I can almost guarantee this is a word that comes to mind when you consider your political and moral positions).
Maybe dunning-kreuger is you.
Maybe his being virtuous or looking down on us has nothing to do with the facts. Maybe peasants are stupid. Maybe they aren't enlightened. Maybe they are ignorant.
A lot of polling confirms Americans are pretty ignorant about a lot of what would be common knowledge among children educated in countries where performance is way above Americas. (Which fell to 33rd place last I read)
And at the moment I'll give Trump a 49% chance of impeachment. Would give 51% but Republicans are craven cowards.
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>>2446657
>>2445444
>>2446002
>>2446179
JUST FUCK OFF ALREADY FBI/GOV SHILL.
Holy cow, how much are they paying you to write this non-sense?
1) Shaming tactics (you won't get a girlfriend, have a happy life, whatever if you don't think and act like me. Anyone that wants a gun has tiny penis).
2) Moving the goalposts (oh you think crypto regulation is bad, I guess you want NO GOVERNMENT)
3) Bait and switch (oh you want crypto to be legal and the government to not kill another industry in its infancy, I guess fuck the government amirite?)
Who's paying you to be such a moron? Because no one is this stupid on their own except normies. FBI? JIDF? CIA? MOSSAD? IRS? Wall Street tycoons?
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>>2446717
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>>2445286
People need to understand that the government is not going to ban crypto tomorrow. Such a bill would not pass and I'm 95% sure of that. So they're implementing a different strategy called, "Death by a thousand cuts".
We can see this all the time when bureaucrats don't get the sweeping legislation they want, they implement this method. They've done it with guns before, loans, wars, everything. It's the slow boil, the frog in the pot that doesn't jump out.
They can't ban it outright, so why not do the next best thing and ruin it?
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>>2446657
>My GF and I are tight, we both kinda want to try out more things with others, but we're not sure how this will turn out... better just enjoy the moment.
You are kidding right
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>>2446920
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>>2445238 (OP)
can i call my senator or someone to fight this im retarded and dont know shit about this
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>>2445238 (OP)
it wont pass. and if it does how will they search all of the peoples things
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>>2446985
sadly, no... I was weak and kissed (and danced) with another girl. I felt like my gf was blocking me. A year later she made up with a dude... well, now we're in a stalemate. :) But it seems very cool for now. Really... it must sound strange. it's luv i guess
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>>2445238 (OP)
>government trying to control invisible internet money
How insecure are they?
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>>2446013
>>2447248
I hate this :(
This chart and the person.
It shows, that there is still a massive inequality.
Doing crime has nothing to do with race or skin color. It is the same everywhere. Poor people do crime.
Crime comes from desperation.
It is a social problem. OUR problem.
Also, if you're white, you can do crime, and just pay a fine. You can even rape women and be a star on national television.
The president of the USA confirms that too btw....
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ALL THOSE SOLDIERS. THEY ALL DIED IN VAIN. THEY WERE SCAMMED LIKE KEKS. THEY ARE KEKS.
normies have no fucking clue. no fucking clue whats going on.
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Did you honestly think that the US government would just turn a blind eye to crypto?
Of course theyre going to hate it. Its to be expected.
Literally the whole point of Bitcoin and crypto is that, short of shutting off the internet completely, governments are absolutely fucking powerless to stop it. People use crypto to buy drugs and CP on the internet for fucks sake. Theres no way to enforce anything on crypto.
Declare BTC at customs? How the fuck would they ever find out about your BTC holdings if theyre stored anonymously on the internet? They literally cant do anything.
Bitcoin was created with this type of draconian legislation in mind.
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>>2447450
>i'm so white
>siberian ancestry
1/3 of all threads on /pol/ involve determine which whites are "white". None of them conclude Siberians are white.. there is only one white person in this world and that is Shaun King - according to /pol/.
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>>2447189
This.
Making crypto illegal is like making drugs illegal...
It changes absolutely nothing except making the those who hold and sell that asset richer.
You think Mexican drug cartels want the US to legalize drugs? Fuck no, absolutely not. That would cut into their profits immensely.
Hang tight boys, were about to witness the emergence of crypto cartels.
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>>2447531
>encrypt 1000btc wallet on flashdrive
yep just family photos, thanks. oh my god dont put that through the x-ray machine.
>is there a problem?
Yes, this pig is trying to put my family photos through the xray. They're my only copy XD
>step aside sir, we'd like to have a word
>we found an encrypted file on the flash drive; what is it?
it's my family photos
>give us the password
Never XD :D admin aboose
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feinstein supported the police killing randy weaver's family at ruby ridge
they sniped randy's wife while she was holding a baby
and they shot his son in the back
the government paid out hundreds of thousands maybe millions to the family for wrongful deaths but feinstein believes it was justified
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Senator,
I respect you and the service you provide to the people of this state. I understand that the nature of your job requires that you make difficult decisions, and that not every individual can be satisfied by those decisions. Every ounce of respect I have for you and your profession will vanish if you vote to pass S.1241 - Combating Money Laundering, Terrorist Financing, and Counterfeiting Act of 2017. The very idea that carrying a store of value on your person is a crime is a smack in the face to any individual who considers himself a free person. This bill gives to the government a level of control that is inappropriate, overreaching, abusive, and destructive to the founding notions of this great country. It is an insult that such feudalistic legislature as this could pass in a country that values, even for a second, opportunity. I trust that you will defend the rights of the citizenry.
Regards,
A Bitter Turbovirgin
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>>2447504
why are you so angry?
YES, the part with "whites get away with anything" was over the top.
I was making a joke, but I think it has some truth to it:
A study shows that in the US minorities get far harsher sentences by judges. For the same crimes.
Now THIS is some real bullshit.
NAAAAASTY shit.
Crime and crime prevention are - i really believe that - a problem of society. Different countries have different crime rates. Its our actions and our attitude towards that problem, which makes the solutions.
And clearly, if you post some graph, which shows, that minorities commit more crime, then there is A FUCKIN PROBLEM with inequality... you don't seriously think blacks or hispanics are more vigilant by nature, do you?
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>mfw this will lead to only US still using fiat and rest of the world goes crypto
That dollah gonna crash even faster
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Serious question: how could they ever hope to enforce any ban on crypto? So I just won't cash out my BTC on coinbase. BTC will always have value and if cashing out to usd becomes too much of a hassle then fuck it - I'll cash out to some other currency or use it to buy goods directly. Fuck the taxman.
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>>2449249
>A study shows that in the US minorities get far harsher sentences by judges. For the same crimes.
It's called recidivism. JayQuan and Tyrone have a rap sheet 10 miles long by the time they're 21, so the judge eventually throws the book at them to keep those underprivileged youths where they belong: in prison.
But they don't tell you that in Sociology 101.
>m-muh racism
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>>2447580
>having your btc in an encrypted wallet
Literally just memorize the private key/24 word passphrase and now you've got your entire fortune inside your brain.
Imagine a future where we have literally become our own banks. Where to make a transaction we simply send money from our self-address to somebody else's and we can change our passcodes at any time.
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>>2450229
confirming the point, that something is terribly wrong, if specific groups of people just get more often in trouble.
reminds mi of the gypsies in europe.
or the chechens and (non-rus'ian-russians) in russia (yes, they consider themselves a own race, even if they look the same a 100%)
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>>2446717
Bravo
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>>2445238 (OP)
They'll eventually get to the point where they're regulating exchanges just like they regulate stock brokers. They want you to pay capital gains tax on your crypto trades just like you pay it on stocks and the only way to actually accomplish that is to make the exchanges liable for giving them all of your trade data just like US-based stock brokers do. Crypto is much more out of their reach since there isn't anything like a New York stock exchange physically located in a US jurisdiction, but what they can do is regulate every entity who handles USD. So the world will split into two parts: exchanges who are set up to handle USD who report everything to the IRS and exchanges who just never handle USD and don't report anything to the IRS. The upshot of this is that if you're US based, it'll suck to be a tax evader because it'll be harder to get around it and get USDs, but if you're the sort of person who's been intending to pay your taxes all along it'll be a lot more convenient because the exchange will do almost all of the reporting work for you so you don't have to file a phonebook sized transaction log to the IRS every year and have them get pissed off at you because it's formatted wrong.
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>>2450934
I send all my money to a friend overseas, he sells it for a higher price than I would have paid in the US, he takes a cut of the arbitrage above only (so I still make more than I would have simply by selling it in the US), and then he sends it to me as a gift so I don't have to pay taxes on it. I don't see this ending any time soon.
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>>2450934
This. They just want their cut IMO. My fear is that they want you to track every single transaction that led to the coins you are cashing out (so if you cash out on coinbase, you gotta tell them about all the trades you made on polo). I don't want to reveal my NGR trading business to the feds.
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>>2451022
That's fine. But I figure if you make $$$ and want to cash out into USD you might as well pay your damn taxes. Not worth the risk of trying to avoid it. If that extra 25% or whatever matters so much to you, go to another country.
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>>2451068
Again I do >>2450993
and legally I don't have to pay taxes on gifts.
They'd have to prove that I sent him the money via crypto currencies with the intent of not paying taxes, which is absurd.
I use a brain wallet so my crypto doesn't exist anywhere and there is no file or physical storage anywhere. It's just in my head.
They have NOTHING to show that.
Short of literally torturing me for the password there is nothing they or anyone can do about it.
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