US Treasury Proposes Expanding Patriot Act to Restrict Bitcoin Privacy Tools
By
bilsbie
Toasted golden, schmeared with insight. Top of the rack.
Summary
The US Treasury Department and FinCEN are reportedly preparing to expand the Patriot Act to target Bitcoin self-custody practices. The proposed guidelines would outlaw privacy-enhancing technologies including CoinJoin, atomic swaps, single address use, and transaction broadcast timing delays. This represents a significant government crackdown on financial privacy in cryptocurrency transactions, building on previous warnings from the Trump administration's crypto brief.
Key quotes
· 3 pulledIt seems that FinCen and the Treasury are preparing to outlaw the use of CoinJoin, atomic swaps, single address use, and transaction broadcast timing delays.
We warned a couple of months ago when the Trump administration's 'Crypto Brief' was released that there was some language in the brief that advised the government to expand the Patriot Act to account for digital assets.
they are absolutely horrid
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