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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