Reddit Posts
Mentions
If it’s anything like the Digital Asset Market Structure Act then I understand why CB would pull out… From @AaronRDay on x: “Every crypto bro cheering this bill is either on Coinbase’s payroll or can’t read. I read all 278 pages. You’re getting played. I’ve been in crypto since 2012. That’s 14 years of watching governments pretend to be confused while quietly building the cage. Trump promised to make America “the crypto capital of the world.” His party just delivered a surveillance framework that would make the CCP blush. Today I’m launching the Day2026 Bill Tracker. It does one thing: exposes how both parties collaborate to build your digital prison while you cheer. First up: The Senate Digital Asset Market Structure Act. 278 pages of “regulatory clarity” from Senator Tim Scott. Translation: 278 pages of compliance theater that kills everything crypto was built for. Here’s what your favorite influencers won’t tell you because their bags depend on you not knowing: MANDATORY TRADE SURVEILLANCE - Every exchange must implement real-time monitoring. Every. Single. Transaction. The NSA called, they want their playbook back. UNIVERSAL REGISTRATION - Exchanges, brokers, dealers, even “associated persons” must register. Anonymous participation? Dead. Satoshi’s vision? Buried. FULL DISCLOSURE TO THE STATE - Token issuers must hand over source code, transaction history, and tokenomics to regulators. Open source for thee, total transparency for me. MANDATORY GOVERNMENT CUSTODIANS - Your coins must sit with approved custodians. Self-custody for regulated activity? Effectively illegal. Not your keys, not your coins just became federal policy. DEFI IN THE CROSSHAIRS - For the first time ever, DeFi developers face registration requirements. Building permissionless systems now requires permission. Let that sink in. YOUR DATA GOES GLOBAL - Transaction records flow to the SEC, CFTC, and foreign regulators. Your wallet activity shared with central banks worldwide. Bullish, right? WHO ACTUALLY WINS: Coinbase gets a regulatory moat that buries competitors. You think Brian Armstrong is lobbying for YOUR freedom? Chainalysis gets permanent government contracts. Surveillance as a service, funded by your tax dollars. BlackRock and Wall Street get clear on-ramps while DeFi gets strangled in the crib. The SEC and CFTC get expanded empires and fresh revenue streams. You get watched. Tracked. Controlled. But hey, number go up. THE PROCESS: Senators got 48 hours to review 278 pages. Democrats asked for more time. Denied. Because nothing says “deliberative democracy” like speed-running financial surveillance. They call it regulatory clarity. I call it regulatory capture gift-wrapped for the donor class. THE REAL GAME: This is what “bipartisan consensus” means in 2026: both parties racing to build total financial surveillance while fighting about pronouns on cable news. Republicans say they oppose CBDCs. Then they vote for infrastructure that makes CBDCs inevitable. Democrats say they want consumer protection. Then they vote for bills written by the corporations they claim to regulate. Different jerseys. Same owners. THE UNCOMFORTABLE TRUTH: Trump isn’t saving crypto. He’s domesticating it. The goal was never to ban Bitcoin. The goal was to make it legible, trackable, and taxable. Mission accomplished. Every laser-eyed profile pic celebrating this bill is either naive, compromised, or selling you something. WHAT I’M DOING ABOUT IT: Full analysis with threat scores, beneficiary tracking, and talking points: (http://day2026.com/legislation/senate-market-structure) Every major bill gets this treatment. PATRIOT Act. TARP. CARES Act. REAL ID. GENIUS Act. Executive orders. All of it. Exposed. THE ANNOUNCEMENT: Neither party will protect your financial freedom. Neither party actually opposes CBDCs. Neither party will stop the technocratic merger of corporate and state power. That’s why I’m exploring a run for US Senate in New Hampshire. Not to join the club. To burn down the velvet rope. The algorithm buries truth. Make it work for us.”
Is that real? If so I have to go with my gut and say IM A MFING PATRIOT! I totally get this would be an extreme hardship for most but that’s how I see it.. is that real?????!!
So it's in combination with aml laws, here you go: Anti-Money Laundering (AML) / Know Your Customer (KYC) rules Banks and lenders are required under U.S. law (Bank Secrecy Act, USA PATRIOT Act, etc.) and similar laws elsewhere to monitor for suspicious activity. If they explicitly tell you why your activity triggered a flag, that could be considered “tipping off.” Tipping off is illegal under AML laws, because it could help criminals avoid detection.
tldr; The White House Digital Assets Report highlights financial privacy as a primary money laundering concern, urging the Treasury to finalize rules targeting cryptocurrency transactions that obscure fund sources. The report emphasizes combating illicit activities like those by North Korea and ransomware actors using mixers and DeFi services. It proposes expanding the PATRIOT Act, implementing digital identities, and redefining Bank Secrecy Act obligations for DeFi actors. Critics note contradictions with promises to protect self-custody and privacy in digital assets. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
have fun being tracked by palantir! republicans, tracking your every move since the PATRIOT act.
That would be true if the laws were written to scale. However, most laws of this kind specify exact dollar amounts, which are only relevant at the time they are passed. Examples: * The 1791 7th Ammendment to US Constitution calls out $20s as threshold for being worthy of summoning a jury. That's $500 in 2025. * The 1936 National Firearms Act issued a $200 tax stamp for purchasing particular kinds of Firearms. That's $4600 in 2025. * The 1970 Bank Secrecy Act, and the 2002 PATRIOT Act, set $10,000 as the threshold for banks to report to the IRS. That's $82,400 in 2025. * Your corner Subway probably still has a sign out that says they won't take any bills larger than $20, even though a growing number of ATMs give $100 bills.
It a USA coin. PATRIOT!!!!
Interesting but how does $PATRIOT plan to differentiate itself from other politically themed tokens like TrumpCoin?
Bank has to comply with USA PATRIOT Act and other Treasury rules. Maybe they need to update their KYC docs for you since your activity seems suspicious to them.
$PATRIOT they will unveil 7ft something bronze statue of donald trump on the day of inoaguration