The treasury is expanding the Patriot Act to attack Bitcoin self custody

tftc.io

657 points by bilsbie 18 hours ago


electric_muse - 17 hours ago

The Patriot Act itself was supposed to be temporary and “narrow.” Two decades later it’s the foundation for a financial dragnet that assumes privacy is the problem rather than a basic right.

Just like encryption, once privacy becomes associated with criminality, you end up weakening security for law-abiding users and concentrating power in a few regulated intermediaries. That’s not healthy for innovation, or democracy.