Panama Papers, Facta Law, and Tornado Cash

Standard Facta law, this entire sub reddit needs to study and learn what the Facta act and american banking regulations are, what Panama papers were, and how hard it is to get banking as a US citizen overseas. The US feds are intending to make private transactions illegal, anything without a fully documented surveilled transaction history and chain of custody, this is the entire direction of Western law currently under Fatf. OFac is the nuclear option that enforces Facta, because the US courts won't do anything to undermine national security, all the spooks in FairFax Virginia need do is toss a scribble across the desk tied to something related to US national security over foreign threats, and the Judges will enforce it. Very few judges will lean libertarian in the states, very few. If they can Sanction code repositories, in blatant transgression to the 1st and 4rth there isn't much stopping the US government.

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"The Eth bros need to re-frame the reality of this situation as being a broad attack against all privacy/anonymity. It's not. It's an attack against a common pool where you swap your personal units of Eth for the units of Eth derived from the proceeds of crime (hacks and criminal state actors and such). They left Monero untouched."

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The US gov can attach 30 year prison sentences to citizens who get caught using monero, that is the trajectory, rooted in how the law around Ofac works, and law on how the banking secrecy act works, and laws on how Facta and the Panama papers played out. Tornado cash creates the precedent of the US gov sanctioning not just addresses, but repository of code itself, which would be protocol level. They're saving Monero and Ledger and Trezor for last, because they know it will be the hardest legal battle, but they do intend to come for them. They're exerting soft power and this clear fascist power grab on purpose against any permissionless system that creates a more complex online infrastructure. If Monero is not accepted on western exchanges, not accepted at western merchants, criminal, and incapable of participating in smart contract features, particularly for indelible publishing on things like Odyssey, then the foreign policy of the US will have largely been accomplished, they have a long game. They can (and are) rug pulling the surrounding ecosystem associated with Monero as a form of soft power to make Monero irrelevant outside dark markets. When things like Thor try to use atomic swaps or integration with monero, you can all but expect Ofac already has plans to sanction it, and is aware of it.

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They are delaying the inevitable, until serious federal laws prohibit the US from its behavior, until that, we should dedollarize the industry, only accept BRIC stablecoins, only Rwa from non western europe, non US country. anglosphere jurisdiction is a liability.

'll tell you what this is, This is Facta and panama papers all over again, ask around to see how hard it is for an american to open up a bank anywhere in the world, how scared other country are of Facta. They are going to literally terrorize and extradite their way to global KYC on DeFi