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US House Passes FIT21 Crypto Bill With Bipartisan Support, Biden Does Not Threaten Veto
• Zero HedgeA majority of US House of Representatives members voted in favor of legislation to establish regulatory clarity over digital assets, CoinTelegraph reports.
Crypto is meant to be private. How do we know? We know it because government would have taken it over long ago if they could have. So, it's a privacy issue, if you keep it that way. | When you transact with crypto, prepare a privacy and suitable 'hold harmless' contract between those contracting. Do this so that if your 'partner' in the transaction is a government agent, he will be forced to pay whatever the government tries to do to you for using your privacy rights. | When maintaining anything, any property, in privacy, it is private and privately named. No longer is Bitcoin Bitcoin. No longer is any cryptocurrency cryptocurrency. Rather, it's private property - as long as you don't agree with government that it is whatever they are trying to call it. | BTW, the same holds true with your fiat and income. No more IRS taxes. It's private property as long as you hold it as your private property.