Comment by andrewla
12 hours ago
This is pure click bait that relies on a deliberate misreading of a 2023 notice [1] that tries to imply that "self custody" is being attacked in any form.
All that this is saying is that the government will try to track money movement to pursue criminal activity, including, unfortunately the criminal activity of moving money in a way that looks sketchy. This is something that we have decided we have to live with.
[1] https://www.federalregister.gov/documents/2023/10/23/2023-23...
It's not "pure click bait" for anyone that has followed along with the crypto community since the early days. This is basically an official stake in the heart for anyone that even loosely held on to the original ideals behind crypto.
Crypto is increasingly no different than traditional banking in anyways that are beneficial, and remains different in ways that can only be harmful to the individual (market manipulation, wild speculation, lack of institutional regulation) etc.
I don't know how anyway remotely interested in decentralized crytpocurrencies can see this as "click bait".
It's a two year old note talking about mixers and money laundering and it's being misrepresented as a new government stance against self-custody. That's why it's click bait.