US Congress intends to regulate crypto on a level far deeper than currently understood―They will:
- Designate Bitcoin, Ether, and their hard-forks as commodities and regulate their transactions accordingly
- Introduce penalties for the use of mixers and privacy coins
So, let's pretend it happens, as commodities, what does that mean? In the US and outside the US would it make a difference? (Obviously everything offshore won't care as much, but they will still get affected.)
As for mixers and privacy coins, ... uh ... I don't know. Good luck with that. Innocent unless proven guilty, ... unless they turn this around and make you guilty by default.
Swapping from BTC to XMR or ARRR ... how does one penalize that? CoinJoins, and later Taproot stuff ...[/list]