Those of you who have paid close attention to Trump's speech at Bitcoin 2024 may have noticed that the former President – accidentally or intentionally – appears to have given away a lot more on his plans for the future of Bitcoin than meets the eye.
Despite his assurances to protect open source development and self-custody in the US, Trump is first and foremost a national security president, highlighted by his remarks on terrorism and immigration. A loosening of AML/CFT laws, which currently see several open-source developers under indictment, seems unlikely (though a democrat law enforcement officer in the White House may arguably not do us any better).
During Trump's past presidency, the US passed the Anti-Money Laundering Act of 2020 as part of the National Defense Authorization Act, which increased penalties for AML/CFT offenses and established beneficial ownership requirements for LLCs to FinCEN.
While Trump vetoed the NDAA, it appears that he did not do so due to the AMLA2020, but rather because the NDAA kept Trump from his crusade to repeal Section 230 of the Communication Decency Act, which protects Internet Service Providers from liability for information hosted and transmitted.
According to Trump, Section 230 is a "national security risk" which "will make our intelligence virtually impossible to conduct".
If you had hoped that a Trump presidency would reduce the risks of developers being held liable for "illicit activity", you may do best in thinking again – "Broadcasting" 'illicit transactions' is precisely what Samourai Wallet currently stands accused of, which would hardly be arguable under the striking of Section 230.
Between incoherent ramblings on god, AI, and electric cars, Trump essentially used his 50-minute speaking slot to introduce The Bitcoin Dollar between the lines: a CBDC alternative to expand US hegemony beyond the petrodollar system directly into consumer wallets across the planet.
Don't forget that the vast space between your ears is intelligence's field of play. For Trump, Bitcoin is merely a tool to "extend the dominance of the US Dollar to new frontiers all around the world", and if his speech showed us anything, its that you are nothing more than another pawn at the end of the identity politics chessboard, where a banner hangs that reads: Congratulations, you’ve been played.
This Rage Weekly is out featuring a full opinion on the much anticipated Trump speech at Bitcoin 2024. Subscribe for free or read all issues online:
https://www.therage.co/strap-in-for-the-bitcoin-dollar/
L0laL33tz / L0la L33tz
npub1mz…q6mak
2024-07-28 21:38:36
Author Public Key
npub1mznweuxrjm423au6gjtlaxmhmjthvv69ru72t335ugyxtygkv3as8q6makPublished at
2024-07-28 21:38:36Event JSON
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"content": "Those of you who have paid close attention to Trump's speech at Bitcoin 2024 may have noticed that the former President – accidentally or intentionally – appears to have given away a lot more on his plans for the future of Bitcoin than meets the eye.\n\nDespite his assurances to protect open source development and self-custody in the US, Trump is first and foremost a national security president, highlighted by his remarks on terrorism and immigration. A loosening of AML/CFT laws, which currently see several open-source developers under indictment, seems unlikely (though a democrat law enforcement officer in the White House may arguably not do us any better).\n\nDuring Trump's past presidency, the US passed the Anti-Money Laundering Act of 2020 as part of the National Defense Authorization Act, which increased penalties for AML/CFT offenses and established beneficial ownership requirements for LLCs to FinCEN. \n\nWhile Trump vetoed the NDAA, it appears that he did not do so due to the AMLA2020, but rather because the NDAA kept Trump from his crusade to repeal Section 230 of the Communication Decency Act, which protects Internet Service Providers from liability for information hosted and transmitted. \n\nAccording to Trump, Section 230 is a \"national security risk\" which \"will make our intelligence virtually impossible to conduct\". \n\nIf you had hoped that a Trump presidency would reduce the risks of developers being held liable for \"illicit activity\", you may do best in thinking again – \"Broadcasting\" 'illicit transactions' is precisely what Samourai Wallet currently stands accused of, which would hardly be arguable under the striking of Section 230. \n\nBetween incoherent ramblings on god, AI, and electric cars, Trump essentially used his 50-minute speaking slot to introduce The Bitcoin Dollar between the lines: a CBDC alternative to expand US hegemony beyond the petrodollar system directly into consumer wallets across the planet. \n\nDon't forget that the vast space between your ears is intelligence's field of play. For Trump, Bitcoin is merely a tool to \"extend the dominance of the US Dollar to new frontiers all around the world\", and if his speech showed us anything, its that you are nothing more than another pawn at the end of the identity politics chessboard, where a banner hangs that reads: Congratulations, you’ve been played.\n\nThis Rage Weekly is out featuring a full opinion on the much anticipated Trump speech at Bitcoin 2024. Subscribe for free or read all issues online:\n\nhttps://www.therage.co/strap-in-for-the-bitcoin-dollar/ ",
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