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Leister

๐Ÿ‘ค Speaker
612 total appearances

Appearances Over Time

Podcast Appearances

Crypto Talk Radio: Basic Cryptonomics
The CLARITY Act Is Short-Sighted As Written

That's what this implies.

Crypto Talk Radio: Basic Cryptonomics
The CLARITY Act Is Short-Sighted As Written

In order to make that happen, you would have to require that the chain have things like pause mechanisms and the ability to whitelist, blacklist, et cetera.

Crypto Talk Radio: Basic Cryptonomics
The CLARITY Act Is Short-Sighted As Written

You'd have to do that.

Crypto Talk Radio: Basic Cryptonomics
The CLARITY Act Is Short-Sighted As Written

You'd have to force it.

Crypto Talk Radio: Basic Cryptonomics
The CLARITY Act Is Short-Sighted As Written

Well, to have that, then you have to give the keys to the government to let them do it.

Crypto Talk Radio: Basic Cryptonomics
The CLARITY Act Is Short-Sighted As Written

because you wouldn't have a central authority if it's defy, like this is putting it together of what it's implying.

Crypto Talk Radio: Basic Cryptonomics
The CLARITY Act Is Short-Sighted As Written

I don't know if it's true.

Crypto Talk Radio: Basic Cryptonomics
The CLARITY Act Is Short-Sighted As Written

I'm saying that's what it implies.

Crypto Talk Radio: Basic Cryptonomics
The CLARITY Act Is Short-Sighted As Written

And people have to read between what they're saying to understand how would you make anti-manipulation happen other than halting.

Crypto Talk Radio: Basic Cryptonomics
The CLARITY Act Is Short-Sighted As Written

It's the only way that you could halting would be freezes and blocks and bands and all that other whitelist blacklist balance sheet, clarity, custody sheet, clarity.

Crypto Talk Radio: Basic Cryptonomics
The CLARITY Act Is Short-Sighted As Written

What is custody?

Crypto Talk Radio: Basic Cryptonomics
The CLARITY Act Is Short-Sighted As Written

Custody is your keys.

Crypto Talk Radio: Basic Cryptonomics
The CLARITY Act Is Short-Sighted As Written

You hold the keys.

Crypto Talk Radio: Basic Cryptonomics
The CLARITY Act Is Short-Sighted As Written

This connects, in my opinion, to the IRS in one key way.

Crypto Talk Radio: Basic Cryptonomics
The CLARITY Act Is Short-Sighted As Written

We already have the requirement of reporting cryptocurrency behaviors to the IRS.

Crypto Talk Radio: Basic Cryptonomics
The CLARITY Act Is Short-Sighted As Written

Right now, it applies largely to the central exchanges.

Crypto Talk Radio: Basic Cryptonomics
The CLARITY Act Is Short-Sighted As Written

Let's take a world where in this case, they say all cryptocurrency assets, all of them.

Crypto Talk Radio: Basic Cryptonomics
The CLARITY Act Is Short-Sighted As Written

that fit any of these categories to basically any and all of them have to be reported.

Crypto Talk Radio: Basic Cryptonomics
The CLARITY Act Is Short-Sighted As Written

Custody has to be reported that violates again, privacy.