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Senator Elizabeth Warren has introduced a bill to ban Bitcoin and cryptocurrencies in the US, gaining support from almost 20% of the Senate. She claims it aims to strengthen anti-money laundering requirements, but lacks understanding of digital assets. This legislation is seen as an attempt to kill cryptocurrencies and promote a central bank digital currency. Senator Roger Marshall, the lead Republican sponsor, admits the bill was crafted by the American Bankers Association. Despite bankers like Jamie Dimon opposing cryptocurrencies, his company operates its own blockchain network. This highlights regulatory capture in Washington DC. It's important for the US to lead in advanced technologies and not be influenced by special interest groups.

One of the reasons I really don't like Bitcoin is because Bitcoin has become the currency of choice for espionage around the world. If you're a North Korean trying to recruit an American scientist, you're you're gonna pay them in Bitcoin. Well, if you're a Chinese person trying to report to American intelligence, you're probably also getting paid in Bitcoin.

I sold all my Bitcoin because I don't trust it anymore. The mainstream adoption is a red flag. When whales start selling, it will crash, freezing retail trading. The system is rigged, and big investors control it. I made money and left. It's sketchy. Get out unless you can afford to lose. Don't gamble with essential money. Stay safe. Peace.

I'm being extradited from Spain to the US to face 109 years in prison for tax evasion, even though I'm not a US citizen during the period in question. I believe this isn't about taxes; it's about my defiance. I was the first to invest in Bitcoin and promote its use globally as an alternative to government-controlled currencies. This threatened governments, and I knew it was dangerous. I renounced my US citizenship in 2014 and became a citizen of Saint Kitts, believing this would protect me. Despite meticulously following tax laws, I was arrested shortly after publishing a book exposing the hijacking of Bitcoin. My arrest is retaliation for promoting cryptocurrency as a competitor to the US dollar and other established currencies. Effectively, they want me dead in prison. As the founder of several major cryptocurrency companies, I seeded the first generation of cryptocurrency firms, and my actions directly challenge the status quo.

I have a simple suggestion: a crypto tax. Crypto wants to be legal and regulated, so why not charge every transaction in the U.S. a tiny 0.01% tax, just 1 basis point, in its native currency? If you trade Solana for Ethereum, the government would take a modest tax in the native crypto and put it in a stockpile. This seems like a very reasonable way to get crypto regulated. That's how taxes always start, very modest. When income tax began, it only applied to a thousand Americans, with legislators promising it would never affect the middle class. I don't like new taxes, even if they are promised to not affect people very much, this sounds burdensome.

Bitcoin was created by John McCarthy to catch criminals. It is centralized and every transaction can be seen. McCarthy also reveals that Moderna is involved in criminal activities. He emphasizes that Bitcoin is worthless and that Monero is the only currency that is actually used. He dismisses the idea of adding privacy features to Bitcoin, stating that it is old, slow, and cannot support smart contracts. He challenges anyone who believes Bitcoin is worth more than 5¢ to explain their reasoning.

Speaker 0 expresses opposition to cryptocurrency. Speaker 1 mentions that Jamie, who supports blockchain, helped launch JPMorganCoin. They explain that JPMorgan created its own blockchain protocol based on Ethereum, allowing private transactions. Speaker 0 suggests that the only use case for blockchain is criminal activity. Speaker 2 states that JPMorgan was involved in Ethereum from the beginning and played a major role in the Enterprise Ethereum Alliance. Speaker 0 comments on shutting down blockchain if they were the government. Speaker 3 compares the Mt. Gox scandal to Bernie Madoff's Ponzi scheme, where JPMorgan was involved. JPMorgan account holders sued the bank and recovered over $2 billion, but no executives went to jail.

I am against central bank digital currencies as they can be used for control and power. In China, a low social credit score can restrict your spending ability. The government could limit where your credit cards work, only allowing purchases at nearby grocery stores. This control over spending could prevent travel and purchasing goods outside your local area, causing significant issues for individuals.

One of the reasons I really don't like Bitcoin is because Bitcoin has become the currency of choice for espionage around the world. If you're a North Korean trying to recruit an American scientist, you're gonna pay them in Bitcoin. Well, if you're a Chinese person trying to report to American intelligence, you're probably also getting paid in Bitcoin.

Damian Williams, the United States attorney in the Southern District of New York, accuses Sam Bankman Fried of committing a massive financial fraud to establish himself as a crypto king. While the cryptocurrency industry and players like Sam are relatively new, this type of fraud and corruption is not. Williams emphasizes that they have zero tolerance for such behavior.

I am against the U.S. Government issuing a digital currency directly to citizens. It would give the government too much power and control, potentially leading to the elimination of cash and complete control over our lives. I warned the people of Italy about this when they were considering vaccine passports and central bank digital currencies. In China, if you don't meet a certain social credit score, the government can restrict your spending abilities. They can limit your credit cards to only work at nearby grocery stores, preventing you from buying gasoline, traveling, or purchasing items and food from other parts of the country or abroad. This kind of government control is concerning and could lead to serious consequences for all of us.

If you discovered the true individuals orchestrating Bitcoin, you'd immediately liquidate your holdings and distance yourself from it.

Doge is effective at eliminating waste and fraud, which overwhelmingly originates from left-wing NGOs. These NGOs are funded and exploit loopholes, but Doge is preventing them from taking advantage. The biggest concern is that Doge will stop fraudulent entitlement payments, including Social Security, Medicare, unemployment, disability, Small Business Administration loans, from going to illegals. This is the core reason why people are against Doge.

I strongly oppose crypto like Bitcoin because its main use case is for criminals, drug traffickers, and tax avoidance. It offers some anonymity and instant money transfers, bypassing established systems like know your customers, sanctions, and OFAC. If I were the government, I would shut it down.

Speaker 0: If you knew who was really behind Bitcoin, you would run as fast as you fucking could to sell it. I know. 100%. And when the real founder of Bitcoin comes out, it is my humble opinion and there's nothing humble about me. Bitcoin will go to fucking zero. One day. And microsecond.

Larry Fink, CEO of BlackRock, expressed skepticism about cryptocurrencies in the past, associating them with money laundering. However, BlackRock, managing trillions of dollars in assets, has now embraced Bitcoin. They have filed for a Bitcoin ETF with the SEC, recognizing Bitcoin as a global asset and a digital form of gold.

The stock market is like a big casino run by people in suits on Wall Street. It's all about algorithms, not company values. Greed drives everyone to make money, rigging the game against the little guy. Bitcoin is just a quick way to make money. Whether you're a fat cat on Wall Street or a regular person trading at home, we all want money. Don't let one person rig the game for others.

XRP is criticized as a scam that will deplete your wealth. Despite its current surge, it is believed to be a centralized system, which is why I dislike it.

The SEC has sent Wells notices to PayPal and Coinbase, warning that the cryptocurrencies they deal with may have broken the law as unregistered securities. These companies have been asking the SEC for guidance on which coins are problematic, but the SEC has been unhelpful. There are concerns that the SEC and the Biden administration are trying to destroy crypto to make way for a CBDC surveillance coin. Recent attacks on crypto-engaged banks support this theory. The goal seems to be to eliminate alternatives and force the crypto industry to develop on a CBDC base. This is referred to as Operation Choke Point 2.0. Bitcoiners are enjoying the show as shit coins suffer, but the pattern suggests that Bitcoin and other blockchain-based entities may be targeted next. The aim is to cut off escape routes from fiat and strangle businesses building an economy based on Bitcoin.

The speaker strongly opposes cryptocurrencies like bitcoin, stating that their only real use is for criminals involved in drug trafficking, money laundering, and tax evasion. This is because cryptocurrencies offer some level of anonymity and allow for instant money transfers without going through established systems like know your customer protocols, sanctions, and OFAC. The speaker suggests that if they were in the government's position, they would shut down cryptocurrencies.

I work for the Treasury, reviewing investments into the US for national security risks. Recently, Doge gained access to the Treasury to cut waste, but people are resisting. They're an easy target because there are people who don't do much, and we should be getting rid of them. What Elon is doing feels like government-sanctioned harassment, and everyone in my office is worried about being fired. No one knows what Doge wants to do with the system or why they need access to certain information. When you give people access, it creates vulnerabilities. They could take that information and give it to someone they shouldn't. There's a class of people in this country who care more about money, and Elon is showing that what he cares about is money.

Speaker 0: I had a guy who worked, very, very, very high up at Citibank. And he told me around 2008, he said, Glenn, you know, don't worry about the financial system. And I'm like, uh-huh. And he said, you know, we're never gonna go broke. I mean, do you know how much just the national parks are worth? And I looked at him and said, are you seriously telling me that we should commoditize the national parks? And he said, it's gonna happen. And I wonder now if this is what he was talking about. If it was just a digital not actually selling them, it's just a digital commoditization of our parks. Speaker 1: Yeah. So apply this now to the the phrase that we all heard during the COVID era, you'll own nothing and be happy. Well Yes. There's certain people that want to own everything, and that includes things that have never been able to be owned before that were considered things like the public commons, like rivers, lakes, the ocean itself, natural forests, all sorts of it. These people want to put all of that into the financial system, fractionalize it, tokenize it, and sell pieces of it around, use it to speculate on. Mean, it's It's very insane. Yeah. And so, this is just one aspect of digital currency play. Obviously, there's a lot more than that just going on as well. I would argue that a lot of this push, particularly in The US for dollar stablecoins supposedly being better than a central bank digital currency, also falls into this paradigm we talked about earlier of, you know, moving from the public to the private of the public private partnership because a lot of these stablecoin issuers, you know, if the the big concerns about CBDCs was that they're seasable, they're surveillable and they're programmable, Well, all of those three things also can apply to stablecoins. The only difference is that you would have a private company issue it and control it. But we've seen time and again how a lot of these private entities are willing to do that. When contacted, just look at how Bank of America behaved with January 6, people accused of wrongdoing on that day, for You know, they have no qualms in doing that and engaging in those type of activities. And the biggest dollar stablecoin issuer, Tether, which just hired Bo Hynes from the White House, they have openly said that they are a close partner of the US government for dollar hegemony globally and have uploaded the FBI, the Secret Service and other aspects of the US government onto its platform directly and have seized tethers from people just because government told them to, and this was during the Biden administration. So they obviously are willing to do that under any administration, and it's essentially functioning as a de facto public private partnership, even though we're being told it's a it's much better than a CBDC, but in terms of its impacts on civil liberties, you know, that's not necessarily true. So, again, vigilance is is important here.

Do you remember Sam Bankman-Fried? He was seen as a genius, so powerful and wealthy that he attended meetings with prominent figures like Bill Clinton and Tony Blair while looking disheveled. Where is he now? I believe he is in prison, as noted in a Netflix series. That's right, he’s a crook. And who was responsible for his downfall? The Department of Justice.

Cryptocurrencies like Bitcoin have allowed individuals to take the lead in the industry, particularly in front-running hedge funds. However, there is a belief that the recent criticism of crypto by Gensler is a ploy to enable hedge funds and Wall Street to enter the market and manipulate it. This strategy has been observed in the stock market as well.

The main use of Bitcoin is mostly for underground economy activities if you're a criminal criminal. Useless as a payment mechanism and ridiculous as a store of valid Bitcoin is a bubble. Okay? Bitcoin is a bubble. Stupid enough to buy, you'll pay the price for it one day. Blockchain is real. It's a technology. Bitcoin's not a security. Reminds me of Oscar Wilde's definition of fox hobby, the pursuit of the uneatable by the unspeakable. You're gonna see the Bitcoin network go from a trillion dollar network to a 10 x that to a 100 x that, And there really is nowhere else to go. It is the apex property of the human race. Whoever gets the most bitcoin wins.