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2 Aug, 8 tweets, 1 min read
Here are 6 reasons we hate the new cryptocurrency surveillance provision buried in Biden's infrastructure bill:
#1 It will require new surveillance of everyday users of cryptocurrency.
#2 It could force software creators and others who do not custody cryptocurrency for their users to implement cumbersome surveillance systems or stop offering services in the United States.
#3 It will create more honeypots of private information about cryptocurrency users that could attract malicious actors.
#4 It will create more legal complexity to developing blockchain projects or verifying transactions in the United States—likely leading to more innovation moving overseas.
#5 It is impossible for miners and developers to comply with these new reporting requirements.
#6 It creates uncertainty about the ability to conduct cryptocurrency transactions directly with others via open source code, for example through smart contracts and decentralized exchanges.
Any smart cryptocurrency regulation should safeguard privacy, innovation, and decentralization. This fast-moving provision fails those standards. eff.org/deeplinks/2021…

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EFF Profile picture
28 Jul
Today at 5pm: you won't want to miss our final EFF30 Fireside Chat! We’ll be discussing EFF’s history and what’s needed now, with early leaders and founders of the digital rights movement Esther Dyson, Mitch Kapor, and John Gilmore: eff.org/event/eff30-fi…
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23 Jul
Why should you care about data brokers?

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19 Jul
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EFF Profile picture
13 Jul
One year ago, we launched the Atlas of Surveillance. It’s the largest public database of known police surveillance technologies that have been used across the country. Check it out: atlasofsurveillance.org
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1 Jul
Victory! The Supreme Court ruled today that California can’t require organizations to hand donor names over to the state, saying doing so threatens groups’ First Amendment rights. We filed a brief with the court making that argument. eff.org/deeplinks/2021…
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