The Senate's War on Crypto And Your Money Continues

in #news7 years ago (edited)

The United States Senate and House of Representatives has a long history of using its legislative powers and committee action, to regulate and maintain oversight of this country's monetary assets. Recently, the focus of these groups has shifted to crafting legislation with the goal of giving more oversight powers to the Department of Homeland Security and Customs and Border Protection to be able to seize your cryptocurrency assets if they exceed a total of $10,000. In the name of fighting money laundering, tax evasion, and terrorism. This includes developing the tools to be able to detect your crypto and may search your belongings for tumblers, password managers, your computer, smartphones, USB drives, CDs, memory cards for the "signature" of your intangible coins. As well as searching your belongings and self for information such as written passwords and saved images as well. bitcoin-hacking.png

This is reaching draconian levels, when the government can seize your crypto assets indefinitely without due process or recourse.

This bill is being sponsored by Senator Chuck Grassley of Iowa, you can find his information here on the Senate's website.

https://www.congress.gov/bill/115th-congress/senate-bill/1241/text#toc-idea0e9489fc8f46379f95bb56c8bbbda5

https://www.congress.gov/member/charles-grassley/G000386

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Land of the Free! Wait, that's the old slogan.

Land of the "free", home of the slaves. It's time to #unrig

I'm really getting tired of freedom nostalgia.

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