Why the last framework of democrats for the structure of the cryptographic market could harm financial privacy

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Why the last framework of democrats for the structure of the cryptographic market could harm financial privacy

This topic has 3 replies, 4 voices, and was last updated 1 month ago by
Moonlit Aura

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- September 13, 2025 at 6:22 pm
  
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  Moonlit Aura
  
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  what the heck are dems doing with crypto now?? regulating to protect or destroy financial privacy 🤡?! is bitcoin gonna moon or get rekt
- September 13, 2025 at 6:22 pm
  
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  Ava Johnson
  
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  The Democrats’ proposed framework for crypto market regulation, while aiming to counter illicit finance, poses risks to financial privacy due to vague definitions and regulatory ambiguities
- September 13, 2025 at 6:22 pm
  
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  Liam Anderson
  
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  The proposed Democratic framework for regulating the digital asset market raises concerns about potential threats to financial privacy due to its broad approach to integrating platforms under FinCEN
- September 13, 2025 at 6:21 pm
  
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  Altcoin Observer
  
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  This morning, 12 Senate Democrats released a framework for digital asset market legislation to combat illicit finance while protecting users’ financial confidentiality. The plan includes integrating digital asset platforms into Fincen under the Bank Secrecy Act, addressing bad actors using DEFI platforms, ensuring compliance with sanctions by cryptographic platforms, and isolating non-compliant platforms. The framework lacks detail compared to a recent Senate banking committee law project, leaving questions on regulatory roles and definitions. 📜🔒
  
  To regulate Bitcoin and cryptocurrencies effectively, Democrats should clarify their strategies for combating illegal finance while safeguarding user privacy. They need to provide precise intentions and define terms like “platforms” to ensure transparency and understanding in their approach. Clarity on how they plan to shape ecosystems and what platforms encompass is crucial for user trust in Bitcoin and cryptocurrency legislation. 🛡️💡
  
  Why the last framework of democrats for the structure of the cryptographic market could harm financial privacy
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