The US government wants to see your crypto transactions and will stop at nothing to make it happen
If you hold crypto, you are immediately considered a criminal in the eyes of the US goverment. This is especially the case with privacy coins like Monero where they have flat out said this very thing.
There is now a bill presented and being rushed to approval that will force US citizens to provide all crypto transactions to the US government.
Right now all financial institutions have to report transactions over $3,000 to the US government, not only do they want to include Crypto in these reports, they also want to reduce the threshold from $3,000 to $250 if the transaction involves any party outside of the United States.
Keep in mind, these reports are sent without warrants and without any notification to those being reported on.
This of course is done to protect the children. Please think of the children that are harmed when you send money.
You can read more about this new proposed regulation here.
If you want to make a comment and tell your officials how you feel about it, you can get some guidance here. You can also look at the comments on the proposed regulation link given above for some ideas.
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