"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.”

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

— jack (@jack) January 4, 2021

Bitcoin embodies American values ??

It must be regulated thoughtfully and with respect to what we claim to stand for. https://t.co/dc69VWtplE

— Miles Suter (@milessuter) January 4, 2021

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.

A different system requires a different thought process to shape policy effectively. https://t.co/HmVKgjhLd8

— Joseph Coin₿erg (@josephweinberg) January 4, 2021

Strong comments from a company doing it right?

"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

— Danny Scott (@CoinCornerDanny) January 4, 2021

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.

(1/3)

— Square (@Square) January 4, 2021

?️ 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

Argues for financial decentralization while locking twitter accounts for disinfo https://t.co/yoBnlCTlmw

— Daniel Tenreiro (@TenreiroDaniel) January 4, 2021

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。

これはSEC v. R社と同列の話ではありません。 https://t.co/y7Wa0PK1B3

— さばCat??ツーブロック弁護士連合 (@utah_) January 4, 2021

"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.

Via @Tanzeel_Akhtar https://t.co/emas8MCLRn#Burency #BUY_TOKEN #bitcoin #crypto

— Malissa Dekker (@crypygirl1) January 5, 2021