It’s remarkable how this tweet (representative of lots of what I’ve seen in X recently) manages to get basically everything wrong about the market structure bill:
(1) CLARITY does not extend the BSA to non-custodial tools it does the opposite, clarifying that the BSA does not apply to non-custodial devs/services.
(2) The provision relating to chain analytics tools has nothing to do with the 4th amendment, which does not protect things like blockchain data that are (by definition) out in public for anyone to see.
(3) That’s not how special measures work.
Stop spreading FUD.
Clarity >Purity

PaulBarron
@paulbarron
01-15
🚨 THE “CLARITY ACT” ISN’T A REGULATION. IT’S A DRAGNET. 🚨
They, @SenatorTimScott and cohorts, claim they want to stop bad guys. Read the fine print:
🎯Warrantless Search: "Real-time monitoring" of every transaction bypasses the 4th Amendment.
🎯Guilty Until Proven Innocent:

the outrageoor slop is nearing local highs
great way to get more attention
From Twitter
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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