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"This Proposal will inhibit financial inclusion, present practical problems, is arbitrary and unduly burdensome, and will drive innovation and jobs outside of the U.S. and regulated institutions." https://t.co/kAKa3cPPdX
— ...on brrrink... ◽️◽️◽️◽️◽️◽️◽️? ? (@03Jan09) January 4, 2021
Our comments on FinCen’s rule proposal on #bitcoin and “cryptocurrency.”
— jack (@jack) January 4, 2021
We believe this rule will do the opposite of what it intends, will leave people out of participating fully in the economy, and that it being rushed prevents better solutions.https://t.co/VRXYpLg8Mw
Bitcoin embodies American values ??
— Miles Suter (@milessuter) January 4, 2021
It must be regulated thoughtfully and with respect to what we claim to stand for. https://t.co/dc69VWtplE
Kraken is on the money (as per usual). This legislation places the U.S. at a disadvantage, globally speaking - making us less competitive in a growing market. Globally, this burden could result in the loss of the U.S. population within the majority of the crypto-markets. https://t.co/jCUm56lkmY
— Tom Ambro, Safe Haven | #SHAman (@Tambro86) January 4, 2021
Incredible comments on Fincen’s guidance and it’s potential impact on the crypto ecosystem. This is the most critical time to ensure we balance sound regulation with technology.
— Joseph Coin₿erg (@josephweinberg) January 4, 2021
A different system requires a different thought process to shape policy effectively. https://t.co/HmVKgjhLd8
Strong comments from a company doing it right?
— Danny Scott (@CoinCornerDanny) January 4, 2021
"Because we believe that bitcoin can help deliver on this vision, Square has invested substantially in the health of its ecosystem from a product,leadership, innovation, and legal perspective" https://t.co/WiVhWkGiKS
Wow, Square went to town on this one -- extremely comprehensive criticism of the proposed FinCEN rule, replete with 23 footnotes. https://t.co/t1Pak8yWQm
— Laura Shin (@laurashin) January 5, 2021
2 weeks ago, FinCEN (a bureau of the U.S. Treasury Department) proposed a cryptocurrency rule that creates unnecessary hurdles for transacting in cryptocurrency. We have submitted a formal comment letter in response, which can be found here: https://t.co/qgxAyjpoCb.
— Square (@Square) January 4, 2021
(1/3)
?️ The U.S. government rushed last-minute rulemaking before the holidays. Here's why we're fighting back.https://t.co/hSXmru6nTG
— Kraken Exchange (@krakenfx) January 4, 2021
Square says new FinCEN wallet proposal will inhibit crypto adoption and hinder law enforcement effortshttps://t.co/cLfLxtBhou
— The Block (@TheBlock__) January 4, 2021
? Square says new FinCEN wallet proposal will inhibit crypto adoption and hinder law enforcement efforts - The Block via BTCnews on iOS #cryptoviewing #remoteviewing #bitcoin #Ethereum #DigiByte #cryptocurrency #blockchain #DeFi #Litecoin #Tezos https://t.co/wbvuqehjQ1
— CryptoViewing (tweets = 0 advice) (@CryptoViewing) January 4, 2021
Jack is a fascinating character as the only major tech CEO with one foot in Web 2.0 & one foot in the cryptocosm
— Daniel Tenreiro (@TenreiroDaniel) January 4, 2021
Argues for financial decentralization while locking twitter accounts for disinfo https://t.co/yoBnlCTlmw
我らがSquareがFinCENのルール改訂に関してコメント出しました。私はこれはSquareに完全同意します。曰く、「今、クリプトが大衆のツールになるかどうかの最も重要な局面」であり、その機会をアメリカで潰したらあかん、と。
— さばCat??ツーブロック弁護士連合 (@utah_) January 4, 2021
これはSEC v. R社と同列の話ではありません。 https://t.co/y7Wa0PK1B3
"The burdensome information collection and reporting requirements deprive U.S. companies like Square of the chance to compete on a level playing field," @Jack Dorsey said in a letter to FinCEN.
— Malissa Dekker (@crypygirl1) January 5, 2021
Via @Tanzeel_Akhtar https://t.co/emas8MCLRn#Burency #BUY_TOKEN #bitcoin #crypto