Birdwatch Note Rating
2024-01-22 19:20:54 UTC - HELPFUL
Rated by Participant: C41201F70F88A753D75AF76DF5289733C65985D160A19B38D439063D25A52C86
Participant Details
Original Note:
Existing AML rules already apply to intermediated crypto activities. The senator's bill would subject crypto users to stricter rules than everyone else https://coincenter.org/the-digital-asset-anti-money-laundering-act-is-an-opportunistic-unconstitutional-assault-on-cryptocurrency-self-custody-developers-and-node-operators/ Additionally, the post is misleading in framing crypto as a superior and preferred tool for sanctions evasion https://home.treasury.gov/system/files/136/2022-National-Money-Laundering-Risk-Assessment.pdf
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