Reading Shinobi's analysis of the FinCEN proposal was extremely sobering. I already thought that FinCEN's proposal was overly broad to the point of capturing the entire BTC network; maybe it's intended to act as an anchor point for when the scope gets ultimately reduced down, it'll feel like a huge win for proponents while in reality they may have targeted that outcome anyway.

Just started at a much higher, much more unreasonable point to make it seem like the gap is larger.

We're clearly at the stage where the fiat clown world is unraveling and the elites are increasingly desperate to stave off the inevitable collapse for as long as possible.