Cryptocurrency News: US Regulators Should ‘Maybe’ Ban Crypto + Digital Asset Anti-Money Laundering Act of 2022

Banking Committee Chair: US Regulators Should ‘Maybe’ Ban Crypto

The senator [Sherrod Brown] also pointed to numerous incidents to back up his claims, not just the recent collapse of FTX but also issues such as “the threat to national security from Korean cyber criminals to drug trafficking and human trafficking and financing of terrorism and all the things that can come out of crypto.”

Senator Elizabeth Warren unveiled a new bill governing cryptocurrencies earlier this month, dubbed the Digital Asset Anti-Money Laundering Act.

Warren’s bill would look to force crypto asset providers to offer audited financial statements and impose bank-like capital requirements more in line with what is expected of traditional financial institutions. The act would also give the SEC increased powers to regulate the asset class.

Get ready for the Digital Dollar!

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Rubio’s Bill To Ban TikTok Is A Dumb Performance That Ignores The Real Problem

For several years we’ve noted how most of the calls to ban TikTok are bad faith bullshit made by a rotating crop of characters that not only couldn’t care less about consumer privacy, but are directly responsible for the privacy oversight vacuum TikTok (and everybody else) exploits.

Rubio’s Bill To Ban TikTok Is A Dumb Performance That Ignores The Real Problem

Related:

Senate passes bill banning TikTok from government devices

South Dakota Bans Government Employees From Using TikTok. The Countless Other Apps And Services That Hoover Up And Sell Sensitive Data Are Fine, Though

South Dakota Governor Kristi Noem put on a bit of a performance this week by announcing that the state would be banning government employees from installing TikTok on their phones. The effort, according to the Governor, is supposed to counter the national security risk of TikTok sharing consumer data with the Chinese government:

South Dakota Bans Government Employees From Using TikTok. The Countless Other Apps And Services That Hoover Up And Sell Sensitive Data Are Fine, Though

Related:

Oracle Cloud Data Center Locations

Oracle’s coziness with [US] government goes back to its founding

TikTok is such a danger, to national security, that US politicians have used it for campaigning, a tool of war propaganda, and former NATO employees work for them! Besides, TikTok stores user data with Oracle! This moral panic, over TikTok, is all about competition!

The Emperor Elonicus

Everyone is going to hate this column. Musk worshipers are going to hate it because I’m going to blaspheme against Elon Musk. Musk demonizers are going to hate it because I am not going to blaspheme against him enough. Everyone else is going to hate it because they’re sick to the gills of hearing about Musk, and Musk’s destruction of Twitter, or his salvation of Twitter, and censorship, and “hate speech,” and all that stuff.

The Emperor Elonicus

DEA’s Rainbow Fentanyl Moral Panic Is Making Broadcasters, Politicians Stupider Than They Already Are

Some news outlets engage in journalism. Others just engage in hype. The latter tend to repeat press releases verbatim, only ask for statements from law enforcement when law enforcement screws up, and otherwise cater to the “if it bleeds, it leads” maxim that has allowed mass media to portray America as a criminal dystopia despite crime levels in most of the nation still bottom-feeding on historical lows.

DEA’s Rainbow Fentanyl Moral Panic Is Making Broadcasters, Politicians Stupider Than They Already Are

Someone Decides To Say Something Less Stupid About Rainbow Fentanyl… And It’s A Cop

Someone Decides To Say Something Less Stupid About Rainbow Fentanyl… And It’s A Cop

“I don’t think that people will be giving out fentanyl pills as candy, that doesn’t make sense from an addicts perspective that they treasure something so valuable,” said Officer Roman Trujilo, KPD. “However, with all of the candy out there, there are potential users that might have purchased these pills and if they have them around and their kids come across them, that could be absolutely deadly.

DOJ, Senate Leader Continue To Stoke Irrational Fear That Drug Dealers Are Targeting Kids With Multicolored Fentanyl

People who fail to understand the basics of supply and demand continue to insist suppliers want to kill potential customers.

DOJ, Senate Leader Continue To Stoke Irrational Fear That Drug Dealers Are Targeting Kids With Multicolored Fentanyl

The DEA is just looking for more 💰 for the idiotic war on drugs! Most likely, they’ll just imprison more people for nonviolent offenses!