New Law Against Cash And Bitcoin in USA!

Among the comprehensive provisions of the bill, the government intends to broadly expand its authority to seize its assets through "Confiscation of civil assets."

The rules of confiscation of civil patrimony allow the government to take what they want from you, without a trial or any due process.

This new law adds a laundering list of infringements for which they can legally leverage their assets ... all of which pertain to money laundering and other financial crimes.

The problem increases here:

The bill also aims to include Bitcoin in the list of monetary instruments that must be reported upon entering or leaving the US.

So, theoretically, if you leave the US with more than $ 10,000 in Bitcoin or Ether, you would have to report this fact to the authorities or face the penalties mentioned above, ie prison time, civil confiscation, etc.

Thus, the Senate is essentially trying to force Bitcoin's core software to comply with money laundering regulations.

Source:
Congress.gov
Zerohedge