The bitcoin regulations proposed by FinCEN give few useful powers to regulators, greatly roll back economic freedoms while pointlessly surveilling law-abiding people, and create databases of info about who owns how much bitcoin that are easy to steal and therefore dangerous.
For those reasons and others, these regulations seem punitive. But before they can become law, a “comment period” is legally mandated. During that time, FinCEN is required to review any comment submitted to them about these rules.
Several thousand comments have already been submitted to FinCEN. So rather than rehash and reword what is already out there, here are some publicly shared comments from the developer, investor, and business levels.
Ben Davenport, Investor
https://twitter.com/bendavenport/status/1344341036412203014?s=21

Matt Corallo, Developer
https://twitter.com/thebluematt/status/1341084526123102208?s=21

Square, Business https://twitter.com/square/status/1346183505970139136?s=21
There’s still time to submit your own, which you can and should do here: https://beta.regulations.gov/document/FINCEN-2020-0020-0001
You can follow @sqcrypto.
Tip: mention @twtextapp on a Twitter thread with the keyword “unroll” to get a link to it.

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