Bill S.1241: Amending the Definition of a Financial Institution

Just saw this shared in my social feed and wanted to bring it to your attention also:

Here's a quote of interest:

Instead of utilizing the definition of a ‘financial institution’ which includes business models like banks and credit unions, S.1241’s amendment in Section 5312(a) of title 31, United States Code states that the definition now includes, “an issuer, redeemer, or cashier of prepaid access devices, digital currency, or any digital exchanger or tumbler of digital currency.”

It also goes on to talk about the $1 TRILLION added to the U.S. budget with the tax bill passed last night.

Let me get this straight.

The government can put a trillion dollars of liabilities on people without their consent (including some who haven't even been born yet), but if we want to control our own store of value, that's somehow a crime???

This is becoming so ridiculous.

Will this be extended to suggest owning a private cryptocurrency could be illegal also? What a mess.

_{Declining payout since I'm just sharing a link.}