Less Regulations Coming!

[bbc.reporter]

The Federal Reserve has presently become neutral on the cryptospace. I predict that in America, we will not anymore see these complaints where a user had his bank account frozen because it was a transaction done to buy or sell a cryptocoin. The strictness has been removed and we will begin witness netflows from and to the cryptospace move more freely.



Federal Reserve Board announces the withdrawal of guidance for banks related to their crypto-asset and dollar token activities and related changes to its expectations for these activities

The Board is rescinding its 2022 supervisory letter establishing an expectation that state member banks provide advance notification of planned or current crypto-asset activities. As a result, the Board will no longer expect banks to provide notification and will instead monitor banks' crypto-asset activities through the normal supervisory process.

Source https://www.federalreserve.gov/newsevents/pressreleases/bcreg20250424a.htm

[bbc.reporter]

This is what we have been arguing for! Clarity in regulating the cryptospace! However, we certainly should wish that Paul Atkins will impose a fair implementation of the law for everyone and avoid himself from favoring the corporate interests of the few.



There’s a new sheriff in town, and he’s getting straight to business.

New SEC Chair Paul Atkins pledged to bring clarity to cryptocurrency regulation during the agency’s latest roundtable discussion on Friday, criticising past efforts and promising a “fit-for-purpose” framework for digital assets.

Read in full https://www.dlnews.com/articles/regulation/sec-paul-atkins-promises-clear-crypto-rules-escape-lava-pit/

[eb66]

All those suffocating regulations being lifted will be like a refreshing, crisp breath of air for the cryptocurrency community.

Too long have we been unfairly treated just because the government sides with the banks and cannot let go of their old gen money notions. That's what it is all really about.

But even if we get less regulations today, the moment Trump steps down and another president takes the seat,  we might see all those easements reversed. It really all depends on whether the next president will be anti crypto or not.

It depends on which regulation.

For example, the recent SEC statement that PoW mining is not a security, and does not meet the criteria of "investment contract" per the Howey Test, means it would most likely require an overhaul of the Howey Test itself to apply regulatory requirements - I think this is extremely unlikely.

Plus, where bitcoin will be at come 2028 and any future administration changes, no one knows, but at which point is it all Too Big to Regulate?

[zasad@]

This is what we have been arguing for! Clarity in regulating the cryptospace! However, we certainly should wish that Paul Atkins will impose a fair implementation of the law for everyone and avoid himself from favoring the corporate interests of the few.



There’s a new sheriff in town, and he’s getting straight to business.

New SEC Chair Paul Atkins pledged to bring clarity to cryptocurrency regulation during the agency’s latest roundtable discussion on Friday, criticising past efforts and promising a “fit-for-purpose” framework for digital assets.

Read in full https://www.dlnews.com/articles/regulation/sec-paul-atkins-promises-clear-crypto-rules-escape-lava-pit/

"The sheriff doesn't care about the problems of blacks"(C)
And I reed the Paul Atkins program, the basis of this program:
“know your custodian” - disclosure of information about the owners and beneficiaries of crypto assets.

In other words, "first put on a slave collar", and then engage in cryptocurrency activities. With such laws, cryptocurrencies will be no different from traditional financial assets.
Banks have received some permission to conduct operations with cryptocurrencies, but given the situation - is this freedom?? NO

[Z-tight]

Plus, where bitcoin will be at come 2028 and any future administration changes, no one knows

I don't know what would happen if the Democrats regain power, they may continue their attack on crypto through strict regulations, just like the Biden administration did, but we would have to wait and see. Their anti-crypto stance is negative for the industry, especially for things like privacy, but it does not pose a huge threat, especially for decentralized coins like BTC, so it is not something i go to sleep thinking about.

but at which point is it all Too Big to Regulate?

BTC in itself cannot be regulated because it is decentralized, it is BTC services and tools like mixers, instant exchanges, etc, that are reglulated and they directly affect how people use BTC.

[btc-freedom-money]

Their anti-crypto stance is negative for the industry, especially for things like privacy, but it does not pose a huge threat, especially for decentralized coins like BTC, so it is not something i go to sleep thinking about.

You don't think it's a threat? What if they say there is 80% tax on all bitcoin transactions? Are you not worried about that? Or do you think you will be able to avoid paying taxes?

but at which point is it all Too Big to Regulate?

BTC in itself cannot be regulated because it is decentralized, it is BTC services and tools like mixers, instant exchanges, etc, that are reglulated and they directly affect how people use BTC.

[/quote]
That is pretty much same thing as regulating bitcoin. Mining bans have for example been effective too. Even dex like thorchain have said they are afraid of supporting monero because of regulations and thorchain is supposed to be the best of all cross chain dexes.

[eb66]

Their anti-crypto stance is negative for the industry, especially for things like privacy, but it does not pose a huge threat, especially for decentralized coins like BTC, so it is not something i go to sleep thinking about.

You don't think it's a threat? What if they say there is 80% tax on all bitcoin transactions? Are you not worried about that? Or do you think you will be able to avoid paying taxes?

If there were ever a bitcoin transaction tax, then we would see 3 things:

1- Number go up
2- Increase demand for KYC-free bitcoin
3- Over time, an increase in p2p transactions

Why?

- Any bitcoin-specific tax is an inherent admission by government that Fiat is Dying
- Because #1 and incentives in the Then They Tax It stage of bitcoin
- Follows from "5% cash discount" that many merchants offer today

I feel this sequence of events is an inherent force pushing back on the proposal of any bitcoin-only tax..

[bbc.reporter]

This is what we have been arguing for! Clarity in regulating the cryptospace! However, we certainly should wish that Paul Atkins will impose a fair implementation of the law for everyone and avoid himself from favoring the corporate interests of the few.



There’s a new sheriff in town, and he’s getting straight to business.

New SEC Chair Paul Atkins pledged to bring clarity to cryptocurrency regulation during the agency’s latest roundtable discussion on Friday, criticising past efforts and promising a “fit-for-purpose” framework for digital assets.

Read in full https://www.dlnews.com/articles/regulation/sec-paul-atkins-promises-clear-crypto-rules-escape-lava-pit/

"The sheriff doesn't care about the problems of blacks"(C)
And I reed the Paul Atkins program, the basis of this program:
“know your custodian” - disclosure of information about the owners and beneficiaries of crypto assets.

In other words, "first put on a slave collar", and then engage in cryptocurrency activities. With such laws, cryptocurrencies will be no different from traditional financial assets.
Banks have received some permission to conduct operations with cryptocurrencies, but given the situation - is this freedom?? NO

I have said already that it will depend on how they create and implement these new and updated regulations for the cryptospace. I agree on your skepticism, however, we can also agree that this is a much better problem to have than the problem the cryptospace had during the sleepy Biden administration where they did not want regularity clarity but wanted enforcement that everything was an illegal security in the cryptospace.

[bbc.reporter]

I am not quite certain if this news should be in more regulations or in the less regulations thread hheheeh. This update is positive news it very much appears like it should be in less regulations despite this being really more regulations. These are favorable and clearer regulations for the cryptospace, however.



Asia Morning Briefing: Thai Banks May Soon Hold Crypto, SCB10X CEO Signals Sandbox Push

Kaweewut Temphuwapat, the new CEO of SCB10X, the venture arm of Thailand's SCB bank, sees significant opportunities emerging at the intersection of AI, crypto, and Web3. "We definitely [are] going more on AI and also crypto and AI plus crypto," Temphuwapat told CoinDesk, highlighting these hybrid investments as firmly "under our radar."

He predicts clearer crypto regulation in the U.S. will fuel increased deal flow into resilient Asian markets, noting SCB10X's early success investing in Ripple: "We are an early investor in Ripple of 10 years ago… we've used that technology for the last five to six years in our SCB App."

Temphuwapat praised Thailand’s proactive and innovative regulators, highlighting the country's robust payments infrastructure. He expects Thai banks, including SCB, could soon directly hold crypto tokens on their balance sheets, initially through regulatory sandboxes: "The intention is there... they allow us to do [it] in a small scale."

Read in full https://www.coindesk.com/markets/2025/05/26/asia-morning-briefing-thai-banks-may-soon-hold-crypto-scb10x-ceo-signals-sandbox-push

[Oohio]

We have known that the Donald's administration has promised that it will remove much confusing regulations from the cryptospace and give the community regulatory clarity. The community was skeptical but it appears that this is becoming real.

Also, there are democrat senators who are very much showing their position and they are also showing that they are protecting the business interests of their owners and backers in Wall Street and the banking sector heheheheh. These democrats want the government to criminalize and prosecute innocent developers instead of focusing their efforts on prosecuting real criminals because there are development teams in the cryptospace who are a threat to the banking sector.



U.S. Deputy Attorney General Todd Blanche is under fire from Senate Democrats following his recent decision to narrow the Department of Justice’s (DOJ) crypto enforcement priorities and disband its crypto enforcement squad.

In a Thursday letter to Blanche, six Senate Democrats — Sens. Mazie Hirono (D-Hawaii), Elizabeth Warren (D-Mass.), Dick Durbin (D-Ill.), Sheldon Whitehouse (D-R.I), Chris Coons (D-Del.) and Richard Blumenthal (D-Conn.) — blasted his decision to cut the National Cryptocurrency Enforcement Team (NCET) as “giv[ing] a free pass to cryptocurrency money launderers.”

The Senators called Blanche’s directive that DOJ staff no longer pursue cases against crypto exchanges, mixers or offline wallets “for the acts of their end users” or bring criminal charges for regulatory violations in cases involving crypto, including violations of the Bank Secrecy Act (BSA), “nonsensical.”

In his memo to DOJ staff on Monday evening, Blanche cited U.S. President Donald Trump’s January executive order on crypto, which promised to bring regulatory clarity to the crypto industry, as the reason for his decision.

Instead, Blanche urged DOJ staff to focus their enforcement efforts on prosecuting criminals who use “victimize digital asset investors” or those who use crypto in the furtherance of other criminal schemes, like organized crime, gang financing, and terrorism.

Read in full https://www.coindesk.com/policy/2025/04/10/senate-dems-slam-doj-s-decision-to-axe-crypto-unit-as-a-free-pass-for-criminals

President Trump is working on supporting and protecting hardworking people rather than criminalizing them. This is a good policy intention to foster hardworking individuals and firms. The Democrats should focus their weights on getting real criminals in all sectors and they should not allow political sentiments to push them into antagonizing prospective future investments that will still benefit them in the the long-run. Biased politics is what it is called in my opinion. The Democrats should not forget that their loved ones and even their supporters are benefiting from crypto and even themselves might end up queing for it in no distant time.

[Oohio]

Frankly, I was skeptical of Trump's campaign promises to remove confusing regulations and provide greater regulatory clarity for the cryptocurrency community. However, since Trump officially took office, he has fulfilled almost all of his promises, and we see encouraging decisions coming one after the other.

We are, of course, in favor of giving users more privacy, but we are against the use of mixing and privacy-preserving services for money laundering, tax evasion, and the like. Therefore, it is imperative that new laws ensure users' privacy while punishing criminals who illegally exploit these services.

Trump is really doing well pertaining to cryptocurreny. He is aligning with the future and also building and harnessing it. Privacy is actually important but not for money laundering or tax evasion. Trump is not relenting on clamping down criminals either. We all should be in this drive together to help make the crypto-world a safe investment and trading hub in every little or big ways we can

[zasad@]

Frankly, I was skeptical of Trump's campaign promises to remove confusing regulations and provide greater regulatory clarity for the cryptocurrency community. However, since Trump officially took office, he has fulfilled almost all of his promises, and we see encouraging decisions coming one after the other.

We are, of course, in favor of giving users more privacy, but we are against the use of mixing and privacy-preserving services for money laundering, tax evasion, and the like. Therefore, it is imperative that new laws ensure users' privacy while punishing criminals who illegally exploit these services.

Trump is really doing well pertaining to cryptocurreny. He is aligning with the future and also building and harnessing it. Privacy is actually important but not for money laundering or tax evasion. Trump is not relenting on clamping down criminals either. We all should be in this drive together to help make the crypto-world a safe investment and trading hub in every little or big ways we can

If I were you, I would read the draft laws or reviews of honest lawyers. Legalization will be under very strict control, which is much stricter than banking control.

Trump can say whatever he wants, he is a good showman, but the reality is very different from what Trump says.

[bbc.reporter]

This is another news update that I do not know if I should share this is the more regulations thread or in the less regulations thread heheheehh. In any case, the Clarity act will certainly he a good amendment on the law and protect developers from politicians and people in government that will take advantage of the rules for their agenda. The case against Roman Storm accusing him as a moneylaunderer is certainly an example of this.



Being a builder or developer in crypto’s decentralised finance corner could be likened to walking a legal tightrope in the fog.

But a new bill in Congress is looking to add a bit more “clarity.”

A freshly revised version of the 247-page CLARITY Act includes new language that could offer long-sought legal protection for crypto developers, wallet makers, and infrastructure providers.

The bill is sponsored by House Republicans, including French Hill, Dusty Johnson, and Majority Whip Tom Emmer.

Those cases have drawn criticism from the crypto industry and digital rights advocates, who argue that publishing code or facilitating user self-custody should not be treated the same as moving money on behalf of others.

In recent years, developers behind projects like Tornado Cash and Samourai Wallet have faced criminal charges for allegedly operating unlicensed money transmitting businesses, despite not holding customer funds.

Read in full https://www.dlnews.com/articles/regulation/new-change-crypto-megabill-protect-defi-builders-legal-peril/

[zasad@]

It is very difficult for me to analyze such a large amount of information, but the very first thing I see in this law is a continuation of the old confrontation between the US Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC).
This law makes it clear which government agency will control certain assets.

If we talk about the developers, then in the Pertsev case, according to information in the press, it is written that he knew that his protocol was being used for illegal purposes.

[bbc.reporter]

If we talk about the developers, then in the Pertsev case, according to information in the press, it is written that he knew that his protocol was being used for illegal purposes.

However, it can also be a similar argument if a prosecutor asks a founder of a kitchen knife company if the founder knows that the knives being created in the company can be used to murder people. The answer on this question would certainly be yes.

This does not make the founder of the company or imply that the workers in this company are criminals. They are only working to create knives very much similar to Tornado Cash developers who are only working to create a platform for preserving privacy.

[zasad@]

If we talk about the developers, then in the Pertsev case, according to information in the press, it is written that he knew that his protocol was being used for illegal purposes.

However, it can also be a similar argument if a prosecutor asks a founder of a kitchen knife company if the founder knows that the knives being created in the company can be used to murder people. The answer on this question would certainly be yes.

This does not make the founder of the company or imply that the workers in this company are criminals. They are only working to create knives very much similar to Tornado Cash developers who are only working to create a platform for preserving privacy.

Do you disagree with European law?
I will quote you how the Netherlandish court responds to your objection:
"Pertsev insisted that he could not be held liable for the actions of those who used the Tornado Cash protocol for criminal purposes. However, the court rejected this argument, stating that Pertsev and the other co-founders should have taken stricter measures to prevent criminal use of the service."

Maybe you can explain better to the Netherlandish judge what a decentralized protocol is.

[Z-tight]

However, the court rejected this argument, stating that Pertsev and the other co-founders should have taken stricter measures to prevent criminal use of the service."

Maybe you can explain better to the Netherlandish judge what a decentralized protocol is.

That is bullshit from the court, how could they have taken stricter measures to prevent criminals from using the service, through kyc right? And how can a privacy tool or service request kyc from its customers, that already defeats its purpose from the very beginning, maybe the court has no clue what a privacy preserving service is, or they do not recognize one.

[zasad@]

However, the court rejected this argument, stating that Pertsev and the other co-founders should have taken stricter measures to prevent criminal use of the service."

Maybe you can explain better to the Netherlandish judge what a decentralized protocol is.

That is bullshit from the court, how could they have taken stricter measures to prevent criminals from using the service, through kyc right? And how can a privacy tool or service request kyc from its customers, that already defeats its purpose from the very beginning, maybe the court has no clue what a privacy preserving service is, or they do not recognize one.

That's the problem. Tornado Cash is a smart contract on the Ethereum network that works successfully now, only without a web interface.
If the user has minimal skills in working with a smart contract, then you can use it.

[Money Bunny]

This is actually big. Trump's team is clearly shifting focus — instead of going after devs and platforms, they want to target real criminals. Makes sense. The Dems freaking out shows how deep their ties to Wall Street run. They’re scared of losing control. If this direction continues, it could really open the door for innovation and give the space the clarity it’s needed for years.

[zasad@]

This is actually big. Trump's team is clearly shifting focus — instead of going after devs and platforms, they want to target real criminals. Makes sense. The Dems freaking out shows how deep their ties to Wall Street run. They’re scared of losing control. If this direction continues, it could really open the door for innovation and give the space the clarity it’s needed for years.

Trump's team is making huge amounts of money at a rate that seems like they'll be flying to another planet in a few months
This makes me very concerned about the crypto market.
The SEC no longer fines large crypto projects, but this does not mean that control has become weaker.