If we wish to prevent crypto assets from being used, for example, for ransomware or other criminal payments, that there is no logical alternative to having all crypto transactions be associated with a legally-traceable identity.
Bill Foster: “If we wish to prevent crypto assets from being used, for example, for ransomware or other criminal payments, that there…”
Editor's note · Context
Foster argues for the necessity of traceable identities in crypto transactions to combat crime.
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If you made it anonymous, you would allow Members to sort of probe support for centrist legislation.
I think we should consider adopting this in the coming session of Congress, at least on a temporary basis.
This made the discharge petition much more effective at its intended purpose, which is sort of to operate as a safety valve against, you know, the Speaker's rather dictatorial power.
If you conclude, as you are actively studying it, that you need more visibility into certain areas of, particularly nonbank things that may be parts of the chain of contagion, please let us know, because it is our job to avoid the next…





