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posted by martyb on Tuesday December 05 2017, @05:57PM   Printer-friendly
from the all-your-coin-are-belong-to-us dept.

In May, the bill S.1241 (archive) was introduced in the U.S. Senate by Chuck Grassley, a Republican Senator from Iowa. The bill, if enacted, would call upon the Department of Homeland Security to develop

a strategy to interdict and detect prepaid access devices, digital currencies, or other similar instruments, at border crossings and other ports of entry for the United States

According to a story at btcmanager.com (square brackets in original),

the bill would "criminalize [those] intentionally concealing ownership or control of a [digital currency or digital exchange] account.

The Senate held a meeting about the bill on November 28. Witnesses included Charles Davidson of the Kleptocracy Initiative of the Hudson Institute conservative think tank; Douglas Farah of IBI Consultants, which specializes in "issues of national security, transnational crime, terrorism, terror finance and non-state armed actors"; and Kathryn Haun Rodriguez of Coinbase, a cryptocurrency exchange. Ms. Haun, however, made no mention of cryptocurrency in her testimony (PDF).


Original Submission

 
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  • (Score: 3, Informative) by aristarchus on Tuesday December 05 2017, @11:01PM

    by aristarchus (2645) on Tuesday December 05 2017, @11:01PM (#605868) Journal

    So we are just going to blame the AC Original Submitter? Fake news, I say! There is, or at least has been, a definite tendency of Fox News to call Republicans doing unpopular things "Democrat". I think it is a Karl Rove strategy from back in the day.

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