Bitcoiners need to stop begging the government for permission to exercise their rights. They are not our friends.

Yesterday’s guilty verdict for Roman Storm on the count of conspiracy to operate an unlicensed money service business is absolutely insane.

FinCEN, the regulator responsible for licensing, monitoring, and enforcement actions concerning criminal activity in money transmission has itself explicitly stated that self-custodial tooling that facilitates the transmission of value using cryptocurrencies are not money transmitters and are not subject to the relevant regulations.

So, how did we get here? Eight months after the election of a president who describes himself as a Bitcoin and cryptocurrency advocate, after the Department of Justice themselves have explicitly stated that they are not going to engage in regulation by prosecution, or prosecute mixing services, how was Roman Storm found guilty? [Read More]

Some folks in the libertarian crowd are seeing the GENIUS Act as a win - a sign that the government finally gets crypto, fostering innovation under a federal framework. In theory, that would be amazing... If it were true. But when you look closer at what this legislation does and how it treats stablecoins, you find a Trojan horse: a path toward programmable money, surveillance, and control - all under the guise of legitimacy. So, in an attempt to remove the wool from the eyes of those who still don't see it, here are ten reasons government-compliant stablecoins are practically indistinguishable from CBDCs. [Read More]