Leister
๐ค SpeakerAppearances Over Time
Podcast Appearances
That's what this implies.
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.
You'd have to do that.
You'd have to force it.
Well, to have that, then you have to give the keys to the government to let them do it.
because you wouldn't have a central authority if it's defy, like this is putting it together of what it's implying.
I don't know if it's true.
I'm saying that's what it implies.
And people have to read between what they're saying to understand how would you make anti-manipulation happen other than halting.
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.
Well,
What is custody?
Custody is your keys.
You hold the keys.
This connects, in my opinion, to the IRS in one key way.
We already have the requirement of reporting cryptocurrency behaviors to the IRS.
Right now, it applies largely to the central exchanges.
Let's take a world where in this case, they say all cryptocurrency assets, all of them.
that fit any of these categories to basically any and all of them have to be reported.
Custody has to be reported that violates again, privacy.