Leister

There's too many opportunities for it to be exploited.

I don't see how you can enforce it on non-US issuers who the vast majority of issuers happen to be.

And I question whether or not it has any teeth, meaning could a regular investor bring any kind of lawsuit against or for this?

I don't see that they could, not because they don't have the right to, but because again, if the vast majority are not us issuers, a B, they're just simple loopholes.

It could be that the person's just too smart and we know how slow it is for our government to course correct and write it correctly.

I guarantee you it was written this way because they knew the better law would never have passed.

It would never have passed the house.

The better law, and you're asking yourself, what would be a better law?

To me, it's simple.

Get rid of KYC.

Get rid of it.

It doesn't solve a problem.

All it does is saddle the industry.

Get rid of KYC.

Get rid of AML because we're not dealing with money at this point.

None of that should apply.

Cryptocurrency transactions should be fair game

Until and unless it goes to Fiat.

When it goes to Fiat, use the existing banking regulations that we already have.

It's that simple.