Enhance Crypto by Easing Federal Control Over Americans’ Financial Freedoms
U.S. cryptocurrency policy is currently disorganized.
Federal agencies and many Congress members have been hostile to crypto.
Recent proposals from notable figures aim to establish a Bitcoin reserve.
The current crypto policy state makes these proposals unlikely to succeed.
These proposals offer a chance to rethink and improve crypto policy.
Crypto enables direct digital payments without traditional intermediaries.
Some oppose crypto due to its threat to traditional payment systems and anti-money laundering measures.
The Fourth Amendment's financial privacy protections have been weakened by the Bank Secrecy Act.
Many policymakers view the Fourth Amendment as outdated and irrelevant.
Reaffirming Fourth Amendment rights and limiting government control could improve crypto regulation.
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