More Regulation Incoming!

[bbc.reporter]

News update.

It appears that when these lawmakers witness that bitcoin is pumping very vigorously, it comes back on their agenda and begin their fud campaign again hehehheeh. These people who are funded by tax payer's money should ge ashamed. They certainly do not care about solving the problem on moneylaundering and terrorist financing. I reckon if they wanted to solve this problem, they would start crackdown on banks and money processors. Fiat is still the biggest medium of exchange for terrorism and crime.



The extent to which crypto is used to finance bad actors like drug dealers and militant organisations is worse than analysts estimate, Congress was told on Thursday.

The role of crypto in illicit financing is currently a topic of bitter debate among lawmakers.

The crypto industry likes to cite research showing that money laundering accounts for a tiny fraction of crypto transaction volume — 0.62% in 2022, according to Chainalysis.

But these figures underestimate the extent of crypto’s role in illicit finance, Carole House told Congress on Thursday, because they don’t account for offchain activity.

During a separate hearing in the House Financial Services Committee on Wednesday, Brian Nelson, undersecretary of Treasury’s Office of Terrorism and Financial Intelligence, conceded that crypto’s role in terror financing is limited.

“Terrorists still prefer, frankly, to use traditional products and services,” he said.

Read in full https://www.dlnews.com/articles/regulation/crypto-crime-worse-than-reported-expert-tells-lawmakers/

[bbc.reporter]

News update. Another fud campaign from the American government creared through the treasury department.

I reckon before they inspect carefully every transaction created on bitcoin and the cryptospace, I reckon that they first should be it on the banks within their jurisdiction. The biggest currency used as a medium of exchange for terrorist financing is the American dollar!



Financial institutions have reported $165 million in potential crypto transactions that may be tied to Hamas, according to the bureau of the U.S. Treasury department that combats terrorism financing.

The Financial Crimes Enforcement Network analyzed suspicious activity reports filed between January 2020 and October 2023, according to a letter signed by Deputy Treasury Secretary Adewale Adeyemo. The letter, reviewed by CoinDesk, was directed to the leaders of the Senate Banking and House Financial Services Committees and asked for their support in passing legislation that would broaden the Treasury Department's oversight authority over crypto transactions.

Source https://www.coindesk.com/policy/2024/03/14/fincen-is-analyzing-165m-in-transactions-that-may-tie-crypto-and-hamas-senior-official-says/

[zasad@]

News update. Another fud campaign from the American government creared through the treasury department.

The same thing is happening in Russia. The largest bank, Sberbank, conducted a study of the shadow market and found that many people have many bank cards and make money from this by selling their bank cards.
The situations are different, but the bank is lobbying for an increase in its own powers to control bank transfers.

[bbc.reporter]

@zasad@. However, the difference is that they have not proven that those transactions were done for terrorist financing. This is very dangerous because they can look at the blockchain, choose a group of transactions and declare that they might be transactions used for terrorist financing then use this allegation to get an executive order against their targets. The targets does not have to he the terrorists, it can be organizations they do not like. This is very headshaking that much of us in the community do not see this.

They will repeat this tactic repeatedly to get more authority and decrease the people's freedom through these executive orders. I am quite certain in the next few months the next transactions chosen will be declared to be from the Lazarus Group hehehehee.

[zasad@]

@zasad@. However, the difference is that they have not proven that those transactions were done for terrorist financing. This is very dangerous because they can look at the blockchain, choose a group of transactions and declare that they might be transactions used for terrorist financing then use this allegation to get an executive order against their targets. The targets does not have to he the terrorists, it can be organizations they do not like. This is very headshaking that much of us in the community do not see this.

They will repeat this tactic repeatedly to get more authority and decrease the people's freedom through these executive orders. I am quite certain in the next few months the next transactions chosen will be declared to be from the Lazarus Group hehehehee.

The social rating system has existed for a long time, it’s just that people tend to remain silent about it. And all applications are considered to be accidental.
For example, if you say the wrong things, despite freedom of speech, then your bank accounts are blocked, you are not notified of benefits, if you have a business, then checks begin there, and so on, so that the person shuts up.
And for fools, the government shows opposition clowns who are subordinates and carry out assigned tasks.

[bbc.reporter]

@zasad@. I am not quite certain what you are implying when you mentioned the social rating system because those wallets in the blockchain are anonymous. However, I agree that there are these wallets that were involved in receiving stolen coins but what I am arguing about are the identities of the wallets. Lazarus Group's wallet is only an allegation that it belongs to North Korean hackers. We cannot be sure that there are North Korean hackers because we do not know or cannot prove that they have good programmers and computer scientists in their country. They might not also have internet hehehehe.

[FinneysTrueVision]

@zasad@. I am not quite certain what you are implying when you mentioned the social rating system because those wallets in the blockchain are anonymous. However, I agree that there are these wallets that were involved in receiving stolen coins but what I am arguing about are the identities of the wallets. Lazarus Group's wallet is only an allegation that it belongs to North Korean hackers. We cannot be sure that there are North Korean hackers because we do not know or cannot prove that they have good programmers and computer scientists in their country. They might not also have internet hehehehe.

Blockchain analysis and digital forensics used to blame North Korea are both examples of pseudoscience being weaponized by governments in order to take more rights away and to weaken those they see as enemies. Just like the Sony hack, the evidence wasn’t entirely convincing — North Korea is just an easy scapegoat. When people have been conditioned through endless propaganda not many are willing to question the official narrative, regardless of how dubious it might seem upon closer inspection. As long as they are told it’s for their own protection everyone just accepts that now everything will require more and more privacy invasion, they aren’t allowed to use privacy tech, and they are heavily restricted by how they can spend and transfer their money.

[zasad@]

bbc.reporter, We usually think that our wallets are anonymous, but in reality there are many ways to find the owner. For example, when a person looks at the blockchain explorer, his IP is recorded and analyzed. and VPN will not always help limit anonymity. But most of life does not happen on the blockchain, and a person can be punished through a social rating system if he is bad in the opinion of the country's government.

[zasad@]

https://cointelegraph.com/news/10-stablecoin-issuers-approved-under-eu-mica
10 stablecoin issuers approved under EU’s MiCA — Tether is left out

"The Circle executive added that these 10 service providers have issued 10 euro-pegged stablecoins and five US dollar-pegged stablecoins.
1. Banking Circle (#EURI)
2. Circle (#EURC, #USDC)
3. Crypto․com (#USD1)
4. Fiat Republic (#ENEUR)
5. Membrane Finance (#EURe, #eUSD)
6. Quantoz Payments (#EURD, #EURQ, #USDQ)
7. Schuman Financial (#EUROP)
8. Societe Generale (#EURCV)
9. StabIR Ltd (#EURR, #USDR)
10. Stable mint (#EURSM)"

[bbc.reporter]

I reckon with very much bad news that has occurred this month, we certainly deserve a good news! It appears that the SEC under the Donald's administration will be more active on the reversals on their cases against the companies in the cryptospace. This will certainly bring a time of more bullishness and more investors.

However, will this effect be immediate? No, I reckon. The damage of the memecoins scammers, pumpers, influencers and extractors might take many months before everyone will become optimistic again.



SEC Reverses Course, Dismisses Its Own Crypto Rulemaking Case Appeal

It's a new era for the SEC under President Trump, as the regulator voluntarily dismissed its appeal Wednesday in a crypto rulemaking case.

The Securities and Exchange Commission on Wednesday voluntarily dismissed its appeal of a ruling that prevented the agency from expanding existing securities laws to cover decentralized finance, or DeFi, users and projects.

In a four-page motion filed by the SEC in the U.S. Court of Appeals for the Fifth Circuit, the agency said it wished to “voluntarily dismiss this appeal,” a move that went unopposed.

Read in full https://decrypt.co/306849/sec-reverses-course-dismisses-rulemaking-appeal

[bbc.reporter]

It appears that despite the dump on the market caused by the trade war being started by the Donald, his administration are giving favorable decisions for the cryptospace. There are different cases against Uniswap and other DeFi services that are being dropped of the SEC and on Tuesday the department of treasury was ordered to drop this DeFi tax rule that would have created much complications for DeFi exchanges, liquidity and lending services.

This dump might be our chance to reinvest back to DeFi, I reckon.



On Tuesday, the US crypto industry scored a victory in Congress after Senators voted to scrap a Treasury Department rule that would’ve forced trading websites to collect users’ personal information and track their every crypto trade.

Read in full https://www.dlnews.com/articles/regulation/us-senate-votes-to-repeal-defi-rule/

[bbc.reporter]

I reckon that if we see more of these types of news updates being reported by different mainstream news and cryptonews media outlets, we should consider this as a warning sign that more regulations might be coming again.

Similar to the Donald's being blocked by a federal court, his procrypto roadmap might also be blocked by some politicians.



In a sign of mounting action against crypto-fuelled organised crime, European authorities arrested 16 people and seized 216 kilograms of methamphetamine in a cross-border raid, Europol said Wednesday.

Police also froze €30,000 in cryptocurrency.

“That part of the investigation is still ongoing with further seizures expected down the line,” Europol, the European Union’s agency for police cooperation, said in a statement.

This bust reveals how the Sinaloa Cartel, based in northern Mexico, and other organised crime groups are expanding their operations in the European underworld.

They use cryptocurrencies to launder money, fund their operations, and move cash around anonymously, authorities said.

Read in full https://www.dlnews.com/articles/people-culture/crypto-powered-meth-ring-tied-to-sinaloa-cartel-busted-in-marseille/

[zasad@]

I reckon that if we see more of these types of news updates being reported by different mainstream news and cryptonews media outlets, we should consider this as a warning sign that more regulations might be coming again.

Similar to the Donald's being blocked by a federal court, his procrypto roadmap might also be blocked by some politicians.

I don't understand the connection between this news and new regulations. Regulation is also a business, if you want the law to be followed, you have to finance the police, create new departments, buy equipment, hire specialists, otherwise the law is useless.
When in my country they start writing about security, it can be understood as "give us more money from the budget"

[scaredycat9669]

This is my first post on here so I hope I'm doing it right. Please let me know if I need to edit it at all. I haven't seen anything else on this topic though, and I think it needs to be discussed.

Have you all seen the new CLARITY Act bill that was introduced last Friday by the House Committee on Financial Services and Committee on Agriculture? The bill splits regulatory oversight of "digital assets" between the CFTC and SEC. The bill excludes stablecoins which will be covered by a different bill that is also in Congress rn. "Digital commodities" will be regulated by the CFTC and certain digital assets that are considered securities will be regulated by the SEC. There seems to be a slight presumption that most digital assets will be considered digital commodities (see Rules of Construction on p 29).

I'm not much of a technical person, so I am interested in hearing from you all about whether you think the definitions in this bill are appropriate or if you see any issues. I'm also interested in hearing general thoughts or comments. Also, if you are at all familiar with the Commodity Exchange Act, I'd be curious in knowing what regulations you think should be passed by the CFTC to implement the CLARITY Act if it becomes law.

https://financialservices.house.gov/uploadedfiles/052925_clarity_act.pdf

Thanks!

[bbc.reporter]

It appears that the Democrats are not stopping their anticrypto agenda and it will also appear that when they win 75% of the house of representatives, the cryptospace might return to a time where it was something similar to the time of one of our favorite uncles, uncle Gary.



With Democrats favored at 75% to win the U.S. House of Representatives majority in 2026 on prediction market Kalshi, Representative Maxine Waters’ new criticism of Securities and Exchange Commission Chairman Paul Atkins’ crypto policies could gain more energy.

Though Congress remains on its winter break, the ranking Democrat on the House Financial Services Committee called Monday for Atkins to testify before the committee, where she wants him to answer for the dismissal of significant digital assets industry enforcement actions.

"The SEC has terminated or stayed major enforcement actions against multiple crypto companies and individuals that had been credibly accused of major violations of our securities laws, including Coinbase, Binance, and Justin Sun," Waters wrote in a letter sent to the panel's Republican chairman, Representative French Hill. "The committee has not scrutinized the SEC’s rationale for abandoning these matters, nor how the agency intends to deter fraud and manipulation in markets touching millions of retail investors."

Read in full https://www.coindesk.com/policy/2025/12/29/as-democrats-gain-in-odds-to-take-u-s-house-waters-bashes-sec-chair-on-crypto

[FinneysTrueVision]

It appears that the Democrats are not stopping their anticrypto agenda and it will also appear that when they win 75% of the house of representatives, the cryptospace might return to a time where it was something similar to the time of one of our favorite uncles, uncle Gary.

They will not win 75% of House seats, but they might have a slight majority after the midterms. This is not enough to do anything meaningful when Republicans control the Senate, Presidency and Supreme Court.

Maxine Waters is older than Joe Biden and shouldn’t be in Congress. If the voters have any sense they will replace her with somebody younger when she is up for reelection next year. Unfortunately, nobody serious is willing to challenge her.

[zasad@]

Politics is the art of negotiating. I prefer not to look at the majority, because in the US, politicians have always tried to maintain a balance between Democrats and Republicans. Absolute majorities are perceived negatively in the US. But if you look at it from the other side, it's the same old story, just from a different angle. It's a choice without a choice: if the US doesn't regulate the crypto market, projects will operate in other countries.

[bbc.reporter]

It appears that the Democrats are not stopping their anticrypto agenda and it will also appear that when they win 75% of the house of representatives, the cryptospace might return to a time where it was something similar to the time of one of our favorite uncles, uncle Gary.

They will not win 75% of House seats, but they might have a slight majority after the midterms. This is not enough to do anything meaningful when Republicans control the Senate, Presidency and Supreme Court.

Maxine Waters is older than Joe Biden and shouldn’t be in Congress. If the voters have any sense they will replace her with somebody younger when she is up for reelection next year. Unfortunately, nobody serious is willing to challenge her.

This will depend on the voters heheheh. This will also depend on the Donald if much of the people still support his administration. However, it appears that the people are becoming unhappy.

But there are still 10-11  months before the midterm elections. If the Donald's administration continue to make more people unhappy, I reckon this 75% house seats might be closer to becoming real than expected.

[bbc.reporter]

This law is very much headshaking and I reckon a very stupid rule. What this will cause will be an increasing popularity for coins, tokens and platforms that will promote anonymity and privacy. How can the South Korean government impose this rule if they cannot prove that the transactions were done by a certain man or woman heheheh.



The South Korean government is starting to make more room for crypto, but regulators want receipts for all transactions, regardless of their size.

The Financial Intelligence Unit, the regulatory body that polices domestic crypto exchanges, has launched a policy-forming taskforce to improve anti-money laundering measures in the crypto sector.

Read in full https://www.dlnews.com/articles/regulation/south-korean-regulator-wants-cross-board-crypto-receipts/