spacestr

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tdub
Member since: 2023-02-14
tdub
tdub 26d

The government didn’t win anything, and due to the early plea deal the case luckily carries no precedent

tdub
tdub 26d

Taking a fee for a matchmaking service is not money transmitting. The theory of the case brought by the Feds was entirely novel, but the risk was very high to try to argue it in front of a jury and a judge who had demonstrated obvious animus to the defendants. eBay does not need a money service business license to charge a fee to gold bullion dealers on its site

tdub
tdub 26d

That’s not true. There’s nothing in the law that agrees with you.

tdub
tdub 26d

No, I don’t think they get it. But the enemies of freedom are deeply entrenched in every government entity. It’s no wonder why Satoshi maintained his absolute anonymity.

tdub
tdub 26d

They never took custody of any funds. It was a matchmaking service that ran on their servers.

tdub
tdub 26d

They pleaded to conspiracy to run an unlicensed money transmitting business. FinCEN told them they did not need a license and did not have a process in place to allow non-custodial entities to get a license. Their prosecution was political and nothing they did was actually illegal under the letter of the law.

tdub
tdub 26d

Great rip! Convince your portfolio companies to adopt silent payments. https://fountain.fm/episode/IQVpOfYeA8yWzF1vz7oa

tdub
tdub 29d

Thats not what they were convicted of

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