Every bitcoin company, bitcoin policy organization and bitcoiner should actively oppose the crypto market structure bill unless the following is committed to: 1) open source developers are not liable for how or who uses software. 2) money transmission requires acceptance, possession/control of funds and transmission as FinCen guidance maintains and (in a separate reconciliation bill or otherwise) 3) a de minimis exemption for bitcoin (note bitcoin should not be lumped in with broad crypto, if something else merits it, name it). The best way to get your demands is to walk away and be a blocker. Brian Armstrong proved this. Everything else in the bill is noise.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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