On Monday, the Deputy Attorney General (DAG) Blanche published a memorandum Entitled “Final prosecution regulation” in which he declared that the United States Department of Justice will stop repression against Bitcoin and cryptography mixers.
Here is the exact language he used in Memo:
“… The Department of Justice will stop participating in the prosecution regulation in this space. Specifically, the department will no longer go to virtual currency exchanges, mixing and fall services, and out -of -line wallets for the acts of its end users or involuntary regulations of regulations …”
The next day, New York Attorney General (NYAG) James was co -author of a letter in which he asked Congress leaders to create a federal cryptography regulation, partly to avoid the use of cryptographic mixers for illicit purposes.
This is what she and her co -authors had to say about cryptographic mixers:
“Effective legislation should require cryptocurrency platforms to expressly comply with money laundering laws, know their client’s regulations (” KYC “) and cyber security protocols to avoid the use of cryptocurrency to finance terrorism, adverse regimens and cryptñada. They cannot be seen, which cannot be made that money washing machines go to money washing machines, are not allowed to allow money washing machines, not to be allowed to agree, they are not allowed.
While Dag Blanche gave the benefit to the users of Bitcoin and Crypto mixers, NY AG James implied that all users of such mixers are criminals, since she refers to technology as “money laundering mixers.”
Such language is deeply worrying when listening to the attorney general of a State, much less to any lawyer, since it involves guilt.
NY AG James has used this type of rhetoric around Bitcoin and Crypto, since he assumed the role of the attorney general in 2018, and it is unfair because 1.) she has never recognized that human rights activists and prodemocratic use mixers to preserve both their privacy and the privacy of their donors and 2.) The United States has the right to financial privacy.
So, as the issue, Bitcoin’s privacy becomes more prominent in the political sphere, be sure to do its part to amplify the type of rhetoric that Dag Blanche is using while the dangerous and unfair rhetoric of people like NY AG James is removed.
It depends on us to make our voices heard on this issue and make our elected officials know that we care, especially as the cases of cash and tornado of Samourai develop (more about both cases in the discussion below).
The fight for our right to transfer value over the Internet is underway. Do not stay out.
This article is a shot. The opinions expressed are completely from the author and do not necessarily reflect those of BTC INC or Bitcoin magazine.
