FinCEN's Discriminatory Rulemaking with Jerry Brito & Peter Van Valkenburgh - WBD292
The Peter McCormack Show
Peter McCormack
4.7 • 2.8K Ratings
🗓️ 27 December 2020
⏱️ 60 minutes
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Summary
Location: Remotely Date: Tuesday 22nd December Company: Coin Center Role: Executive Director & Research Director
Steven Mnuchin, the Treasury Secretary of the United States, is looking to implement a new regulation that would require financial institutions to verify the identity of both senders and recipients of any Bitcoin transaction, over $3000.
A few weeks ago, Coinbase CEO, Brian Armstrong tweeted that Mnuchin was looking to 'rush out' new regulation before the end of President Trump's term in office.
This regulation is not without opposition and Coin Center is addressing many concerns with the new rules and the method in which they are being passed.
In this interview, I talk to Jerry Brito and Peter Van Valkenburgh, Coin Center Executive Director and Research Director. We discuss the implications of the new regulations, the key issues and what you can do to prevent them from passing.
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Transcript
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| 0:00.0 | It's warrantless surveillance. |
| 0:03.0 | It's math data collection like Snowden revealed for emails and things, |
| 0:08.0 | just for our financial records. |
| 0:10.0 | So we don't like it. |
| 0:11.0 | But at the very least, we should have equal treatment suffering under this |
| 0:14.0 | regime. Hello there from Bedford how are you all. I hope you all had an amazing |
| 0:19.1 | Christmas. Bitcoin is absolutely flying, giving us the best present, a new all-time high. |
| 0:25.4 | What an amazing end of the year. |
| 0:27.2 | I think we're all a little bit excited about this. |
| 0:29.6 | Anyway, welcome to the What Bitcoin did podcast, which is brought to you by the mighty |
| 0:33.4 | Cracken best place to buy sell and trade Bitcoin. I'm your host Peter McCormack and |
| 0:38.0 | today I've got an interview with Peter and Jerry from Coin Center where we're |
| 0:42.1 | going to be discussing FinCEN's recently proposed |
| 0:45.2 | new regulations but before that I've got a message from my amazing show sponsors. |
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... |
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