Depends on the country you’re in!

So a lot of people seem to have the hope that Trump will pardon the Samourai Wallet developers. While waiting for the Storm verdict, I took some time to read through the White House Digital Asset Report to see what this administration thinks of financial privacy, and my guys - if you still believe that the Trump WH is in *any* capacity friendly to these undertakings, you are in for a very rude awakening. Effectively, the White House urges FinCEN to deem *all* privacy measures in digital assets a “primary money laundering concern” under the PATRIOT Act. This includes: -> single use addresses, wallets and accounts -> swapping between networks & chains -> mixers, obviously -> “pooling” or “aggregating” cryptocurrencies from multiple wallets Many will now say: oh, but there’s so much good language in the report as well, like the protection of self-custody. That’s true, but the protection of self-custody is contingent on the *lawful exchange* of assets between users. That’s why the White House additionally urges Congress to *expand the PATRIOT Act* and *amend the BSA to cover “DeFi” services*. To ensure compliance in “DeFi,” the White House suggests the implementation of digital identities, that would tie all of your transaction history to your name, so that “DeFi” services have the power to approve transactions. Even when implemented with ZKProofs, as the White House suggests, this would effectively turn a permissionless system into a permissioned one. I know we live in the age of celebrating all the Bitcoin wins, but sometimes things that glitter are just a massive pile of shit, my dudes.

Haha, literally writing an article about this rn - glad you also caught it 🫡

Funny that this would be shared the same day the Government decided to send two developers to prison for a combined decade lol "welcome home" to jail, that is

This is a *major* win for DOJ, and a huge huge loss for legislative efforts trying to protect developers from unlicensed money transmission charges. Full article in quoted post.

10k sats to the first person who replaces these lyrics with where's your bitchat https://www.youtube.com/watch?v=5rAOyh7YmEc&t=20s

would be pretty dumb to plead guilty without taking a deal i guess haha, but nothing confirmed

Working on it - need to wait for hearing tomorrow. Trying to send someone 🤘

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20 years ago, the US Government tried to make the contents of this book illegal. Today, it inspired the development of almost every encrypted app we use, from Signal to email and VPNs. They lost then, and they will lose again now.

My replies all day

who is buying all the bitcoin when nobody's moving any bitcoin, anon

If you still have an X account, come join us on spaces in 5 minutes to discuss what's happening in Tornado Cash. If you can't, here’s everything you need to know. Storm is charged with conspiracy to commit money laundering, conspiracy to violate sanctions, as well as operating an unlicensed money transmitting business (MTB), facing more than 40 years in prison for developing software. Early discussions focused on whether a non-custodial software tool like Tornado Cash can qualify as an MTB, as it never held control of funds; a prerequisite for qualifying as an MTB. But Storm will not be allowed to use these interpretations of MTB law in his defense. "I really don't want to hear control issues, or there must be fees and 'for profit'," the judge told the defense last week. These issues "are not going to show up in this trial, because they are not." Since the indictment, the Government has announced that it is no longer pursuing that Tornado Cash violated federal registration violations as an alleged MTB – meaning that it is no longer pursuing the theory that Tornado Cash is a financial institution. Neither Storm, nor the defense, will be allowed to mention KYC or AML. And what about the First Amendment? Isn’t writing code protected speech? The judge doesn’t seem to think so. Free speech and privacy rights aren’t going to be discussed. Additionally, all witnesses are banned from using the words legal, illegal, legitimate, and illegitimate. That includes any testimony to the general legality of uses for Tornado Cash, unless they are brought up to refute the prosecution’s evidence. The Government is closing in on the future of privacy, and defending it will be a walk on a tightrope. Link to join 👇 Space will be recorded and streamed on your fav channel if everything works out ✌️ https://x.com/i/spaces/1djGXVPbkVVxZ

The new Samourai Wallet indictment truly is a phenomenally disingenuous piece of garbage 👇 https://www.therage.co/samourai-wallet-new-indictment/ Likely filed to reflect that the Government is no longer pursuing federal licensing violations – the new indictment removes all references to “unlicensed,” except one – SDNY seems to have taken the opportunity to make their indictment even more confusing to the judge. Entire paragraphs are moved around, language is changed, and most importantly, the new indictment seems to make zero distinction between Samourai Wallet the entity and Samourai Wallet the software. Take these two paragraphs for example, the first from the original indictment, and the second from the new one: "The cryptocurrency is 'cut down'", and leftover funds "are placed in a separate address and provided back to the Samourai user." "Samourai 'cut down' the cryptocurrency into correct sizes for a chosen pool," and "Samourai returned back to the user any leftover funds from this transaction that were too small to enter the Whirlpool by replacing them in a separate address.” So instead of correcting their technical inaccuracies, SDNY chose to double down on them. Imo, this means that prosecutors either somehow managed to get even more stupid over the past 1.5 years, or that SDNY is intentionally attempting to mislead the judge on how the Samourai Wallet software worked, making it look like the developers had more control over funds than they did in reality. They call this “justice,” my guys.