Brian Armstrong von Coinbase nennt die AML-Vorschriften ein Versagen der US-Politik und glaubt, dass Elon Musk das Problem beheben kann

tldr; Coinbase CEO Brian Armstrong criticized U.S. Anti-Money Laundering (AML) regulations, calling them an economic failure that costs $213 billion annually while intercepting only 0.2% of illicit transactions. Armstrong attributed the “debanking” issue to regulators forcing banks to enforce these laws, leading to cautious behavior that excludes legitimate businesses. He humorously suggested Elon Musk’s involvement for efficiency. Charles Hoskinson also criticized the global crypto crackdown, linking it to Operation Chokepoint 2.0, which targets blockchain companies.

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“My rich friend will help”

All these tech billionaires are such freakshows. Go away

Brian knows flattery will get him everything he wants

AML regulations are well meaning and important. There are certainly efficiencies that could be made, but Brian Armstrong has repeatedly made statements betraying his complete lack of subject matter expertise on the issue (e.g. catching illicit transactions is the last line of defense, deterrence is what AML regs are primarily designed for). I think he just sees his company’s balance sheet, and whines about the compliance costs knowing they aren’t directly contributing to the bottom line. People like him make working for these assholes a chore.

Source: have worked in AML departments off and on for major financial institutions for 15 years.

I trust Elon to make my crypto holdings go up. But not for much else. Plus he’s a shitty human being

I’d be lying if I said I cared about money laundering