Bitcoin ATMs in Wisconsin may soon be money transmitters. The push for more KYC continues.

My pleasure :)

Congrats!

100% And most will think it’s good for them.

It doesn’t set that strong of a precedent, but I get where you’re coming from. Ideally, the CLARITY Act gets passed. If so, the language in it around not making developers of noncustodial tech subject to money transmission laws would supersede what just happened in the Samourai case.

🚨 NEW: The Samourai developers - Keonne Rodriguez and William Lonergan Hill - have both pled guilty to count 2 of their indictment, the conspiracy to operate an unlicensed money transmitter business charge. More details in the video below:

The defense rests in the Tornado Cash trial, and the Samourai devs change their plea from “not guilty” to “guilty.” My thoughts on both:

Politics is one dimension, yes, but not everything. The tech has to get better, too. Without engaging in politics, we’ll watch many more cases like Samourai come to fruition. And I’m not sure I follow… the Samourai devs are pleading guilty.

“We will prevent labeling Bitcoin and any kind of privacy payment and communication tools as something negative… We need to have a solution in which privacy is not something which is bad. It’s actually [our] main right and this right needs to be protected.”

Lol. I’m good at presenting as a normie.

I’m here for today’s press briefing at 1:00 PM EST. Planning to ask about the CBDC language in GENIUS as well as de minimis tax exemptions for Bitcoin transactions. Be sure to tune in!

UPDATE FROM DAY 1 OF THE TORNADO CASH TRIAL

I just need to hear Goggins’ voice for about 30 seconds before any semblance of an excuse for what I really wanted to do has completely disappeared from my mind.

Sending good vibes, my friend.

Tried to upload today’s video on the Tornado Cash trial, but it keeps failing when I try to upload it through Nostr Build :/ (No shade on NB. It’s large file.) The video is up on X if you’re still active there, as well. https://x.com/frankcorva/status/1948497385157455921?s=46&t=AY92ObXBoX1GzIBM1vb6Iw

My pleasure! Sorry about the delay!

I’m even here in decentralized social media world. Spooky.

https://open.spotify.com/episode/2F1jYUJ5H47K4JKFC8WkS5?si=2nwMQDQyQfSQN4tehhKz7A

At day 14 of the Tornado Cash trial, and just stepped out for lunch. The jury is still deliberating, which may be a good thing, according to Zack Shapiro.

There’s more nuance to it than that. I’m not a liberty to share what it is, but know that the situation isn’t so cut and dry.

The show should be posted via the Bitcoin Magazine podcast today.