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L0la L33tz
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Accidental Cryptoanarchist 🏴 @hacknotcrime Advocate 💻 Unpopular Opinions @bitcoinmagazine 📓 Say Hello: C72B 398B 7C04 8F04 💌
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L0la L33tz
03-18
A lot of people seem to not be aware what a major win for privacy the SEC's interpretation on securities is, so let me spell this out for you. Under Gensler, the SEC attempted to classify digital asset developers as securities broker/dealers. This would have meant that anyone offering digital asset services and software would have needed to register with the SEC and apply KYC/AML programs by law. Similar language has been included in latest market structure proposals, which insufficiently clarified who exactly such registration requirements would apply to. The SEC's interpretation now makes clear: No AML/KYC for bitcoin, at least not under the SEC's authority. Probably the biggest advancement for privacy under this entire administration.
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@theragetech
03-18
🇺🇸“We’re not the securities and everything commission anymore” The SEC has issued an interpretation that clarifies the application of federal securities laws to digital assets using definitions in the GENIUS Act. The document clarifies bitcoin and other digital assets as a
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L0la L33tz
02-19
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Governments and corporations want you to believe that verifying your age on the internet is harmless. Three hacktivists have now exposed that we are sold as software to protect the children is in reality the most powerful tool for extrajudicial persecution on the planet. Every click, every post, every profile you have on the internet is analyzed and evaluated. Pictures of your face, subjected to over 250 verification checks, compared to watchlists via facial recognition, and stored for up to 3 years on some central server, along with your IP address, device, and browser fingerprint. And with its integrated financial reporting that the software provides to financial institutions, banks now have direct access to scan your entire online life – and report you to the government. This combination is not coincidental, and it can do a lot more than just land you on a watchlist. When the same software to surveil you online is used to determine whether you can have a bank account, one wrong post on social media can have you lose your home, your job, your savings, and your life. There once was a regime that perfected the use of banks for political persecution. It did not end well for those who dared to speak their minds. Dystopian is too weak of a word to describe the future we are heading towards. twitter.com/L0laL33tz/status/2...
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