The Bank Secrecy Act requires existing actors to file around 27.5 million reports a year. Even if requiring stablecoin issuers to do similar reporting doubled the number of reports, then that's still a fraction of the 200 billion digital transactions Americans make each year.
I don't like either scenario. But that's a big difference in terms of state surveillance.
EconWithNick / Nick Anthony
npub1n2…agflr
2025-08-04 19:03:34 UTC
in reply to nevent1q…g6zz
Author Public Key
npub1n2m8jv38n27myhsrm36jvj94qmnh79qfwxt3lktnuq04s3dpk8kq2agflrPublished at
2025-08-04 19:03:34 UTCEvent JSON
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