Coney_Croft on Nostr: The next attack on Bitcoin; Congress is making a stink about Terrorism, and the use ...

The next attack on Bitcoin;
Congress is making a stink about Terrorism, and the use of Crypto to finance it.
Even tho it’s clear that most funding is generated through the Fiat System.
They took a look at Bitcoin, and are realizing that Bitcoin is not a good way to gather funds for terrorism due to it’s public blockchain being completely transparent, and the ability to track funds that are transferred on the chain.
Just the same they want to make a case against it, which will build public perception that the government needs to step up and regulate it.
Here comes the next attack on Bitcoin.
The Government says sure, you can have your Bitcoin. We will even allow an ETF to be created to Sell Bitcoin to the American public. The Government even has a nice stash of it that they confiscated from Silk Road and other enforcement actions taken against criminals using Bitcoin. They can sell that stash to Black rock without affecting the price of Bitcoin due to Over the Counter trading that does not go through exchanges.
The next action the government will take against Bitcoin, is to make Self Hosted Wallets Illegal. Now this is getting serious. Now Regulated exchanges, and ETF’s will be the only way you can hold Bitcoin. Now all movement of Bitcoin through these exchanges is much easier to trace, and also control where it can be sent to. The same way, and reason they also want to create a CBDC. On top of that, just wait and see what the Exchanges, and ETF managers do with Bitcoin in their possession. They will of coarse sell the public more Bitcoin then they really have. That’s how they can make a ton of money. Of course Congress men will have their hands in the pockets of these regulated exchanges to enrich themselves. What a wonderful windfall for them.
If you are a true Bitcoiner, you will be forced to work outside of the Law. You will not be able to move your self custody Bitcoin in and out of exchanges. You will only be able to trade, and move it among other Bitcoiners willing to operate undercover outside of the law. The time is now to make a stink with your lawmakers to prevent this from happening. Good Luck All!