hi this is charles haskinson broadcasting live from warm sunny colorado always warm always sunny sometimes colorado today is january 26 2022 and i have a brief video to make about a call to action as many of you know uh there is currently a cold war going on and i'd say in washington dc against cryptocurrencies by certain parties and they've been tremendously successful at sneaking in certain bureaucrats into high positions of power and passing pieces of legislation like the infrastructure bill with catastrophically damaging language well let's talk about the latest monster of the week this is brought to you by representative jim hymes okay so jerry britto threw up the flag today on twitter he says because treasury is required on current law to notify the public seek public input he's talking about bill had the wrong tweet hang on a second yeah go back up to the top here so i just retweeted this important included the america competes act or doesn't compete uh just introduced in the house and will likely very pass a very likely pass in some form as a provision that would be disastrous not just for cryptocurrency but for privacy and due process in general so let's read the blog post about this uh title is new build would hand treasury blank check to ban crypto at exchanges and not just crypto provision in the america competes act would allow treasurer to secretly prohibit any kind of transaction it deems a concern without any public notice or input so those who understand the bank secrecy act it gave the treasury secretary very significant powers called special measures and it's mentioned here so it says another must-pass bill another rush policy that severely damages the privacy and constitutional rights of cryptocurrency users we've just seen language in the america competes act of 2022 see page 1482 bill ostensibly about economic competitiveness with china that would strip all administrative procedures and safeguards from the imposition of the so-called special measures prohibitions in the bank secrecy act while simultaneously expanding authority for such prohibitions to cryptocurrency activities in brief it would hand the treasury secretary unchecked discretion to forbid financial institutions including cryptocurrency exchanges from offering their customers access to cryptocurrency networks okay so basically bsa gives the treasury secretary a power to say hey there's there's something here that we're concerned about and he can temporarily ban it for up to 120 days and at that point he needs a public hearing a public inquiry to go through the process of formalizing that special concern basically what happened is this guy decided last year to sneak this into the national defense authorization act it failed got removed from the bill because people realized how damaging it would be to hand one bureaucrat whose unelected unilateral authority to ban any financial transaction in the united states with no public hearing right we like to believe that that's probably a good idea on a checks and balance government so this congressman decided to take that exact same language that was stripped out of the old ndaa bill that couldn't get passed and put it into america competes right here and if this is passing it would give janet yellen the treasury secretary the unilateral authority to indefinitely ban all cryptocurrencies in the united states with no public hearing no checks and balances no say just wake up on the wrong side of the bed and say you know that crypto stuff is real bad let's just get rid of it and we're just going to hand it in a bill apparently that's trying to be passed as part of this broader agenda to compete with china by destroying a two trillion dollar part of our economy you can't even make this [ __ ] up anymore you know i was very diplomatic with the infrastructure bill we called senators we said hey let's get around then we got shelby now they're just just throwing it in there why would jim do this well you know here's his wikipedia page for what that's worth let's look through i went to harvard okay you know he spent some time in lima all right there you go gotta went to oxford oh that's good oh here we go 1995 hands began working goldman sachs as a banker in latin america new york and eventually promoted a vice president ah he's part of the vampire squid one of the new democrat coalition shills that came in from connecticut's fourth congressional district and takes orders from the banking lobby there you go that's where the money came from there is no transparency here there's no checks and balances here it's an unprecedented power grab and it's being snuck into a bill and there's an attempt to bury it no debate just pass it immediately we can't discuss it and unfortunately this particular bill no matter what we say and do will pass the congress the senate depends on joe manchin because it's 50 50. uh because this bill is part of the biden agenda it's a democrat bill democrat house will pass it with a rubber stamp no debate no discussion get it through as quickly as possible 1400 plus pages a lot of monstrosities there crazy things but in our particular industry an unprecedented power grab for the treasury secretary that removes any notion of checks and balances if you want to look at the language it's right here so this is the current section and these are all the checks and balances the things that are in red we're just going to get rid of all of them [ __ ] it let's just give the treasury secretary unilateral authority do whatever the hell they want to do because why not you voted for that person right oh no actually you didn't they're appointed huh okay no but i'm sure they will be wise with the use of this power i'm sure they wouldn't possibly wake up on the wrong side of the bed when they get all their money for the people who lose money from these things existing and just ban it it's a [ __ ] joke it's a god damn joke and it's sickening this was defeated once before and jerry even references that in one of his tweets as we go down here number ten this provision was first introduced as an amendment to the national defense authorization act by good old jim and uh he couldn't get through because it was a horrible idea then and now it's back and it's been snuck into a bill that has a high probability of passing house and whether it passes the senate or not is completely dependent upon whether joe manchin wakes up on the left side or the right side of the bed one person so we have to go back to the drawing board and try to trust the democratic process i guess message your congressmen message your senators and tell them maybe giving unilateral authority to the treasury secretary to ban any asset in the united states at any time they want with no public oversight and hearing with no process and just do whatever the hell they want and you can see the language right here stripped out not a good thing i mean look at this language form of requirement the special member described in subsection may be imposed in subsequent combination of secretary shall and these paragraphs do these things and you have 120 days and then you have to hold a public hearing and etc oh but we're just going to get rid of all that instead just hand absolute power to one person who's not elected and give that person the power to ban all cryptocurrency in the united states we have this industry as long as we fight for this industry if you're an ethereum fan listening a solana fan listening an nft fan listening a bitcoin fan listening all of you are impacted by this every single one of you at what [ __ ] point do you stand up and say we've had enough don't do this every politician who votes for this primary them donate money to the people who run against them vote against them how can you be a cryptocurrency fan and first allow the infrastructure bill to pass with this horrible thing that makes it exceedingly difficult to operate basic infrastructure in the united states and now the next step on the unending agenda is for them to pass something to give one person with no debate or recourse unilateral authority to end all financial institutions from participating in cryptocurrencies with this bill janet can wake up tomorrow if it passes and say you know i don't think coinbase should trade bitcoin okay she would have the power to do that this is not a joke it's not a drill it's not a test this is an industry a two trillion dollar industry that's liberating mankind from where it's at to a better state of affairs and every single one of these pieces of legislation are attempts by those who would dominate and control us to drag us back down to a system where they have all the power we have no say and they print enough money every year to deflate the money in your pocket by twenty percent how do you save you see the great reset agenda they say you'll own nothing and be happy this is how you get there bill by bill by bill and i understand why jim's doing it he's bought and sold by the banks it looks like he's a goldman boy great but we don't have to put up with it we don't have to tolerate it we don't have to accept it we call a spade a spade when you see this stuff share it get mad as hell donate voice your opinion write your congressman write your senator and tell them their vote is how you vote if they allow these things to pass unadulterated without debate the next time they go up for election they don't get reelected we got an election coming up in 2022. it's pretty pertinent this bill cannot pass it's already so hard to undo the damage that the infrastructure bill has we're trying to come up with a strategy for it i have two of my people heading to washington dc today to attend various events with the government blockchain association and meet senators congressmen and other people every opportunity we have we try really hard to communicate and be nice about it we're not saying bend over backwards and make this industry great but when you give unilateral authority to just end an entire industry to one person who doesn't even understand what the hell is going on with the industry that doesn't solve any problem all that does is it creates a reality where we live in constant fear will tomorrow be the day will sunday be the day will monday be the day good actors people waking up every day trying to build great products who are already regulated in many cases still have to live in unending fear because well jim wants to put this in so goldman can give him some more money it's despicable it's absolutely despicable and it has to stop and we cannot allow whenever they do these things for them to slip through when they do these things there has to be consequences political consequences financial consequences and they know that when you fight crypto you're fighting a constituency of tens of millions of people in the united states and hundreds of millions of people across the world and the new economy just like when you attack the internet you were attacking the last economy that came from it and i for one i'm pretty mad i'm pretty pissed off about this it just ruined the whole morning you know we have so much work to do just to get the technology where it needs to be just to get the industry where it needs to be there's all kinds of crazy stuff that's coming and then this comes down the pipe and they expect to pass it through in a bill saying they're going to compete with china it's almost a parody at this point it's a disgusting parody so anyway i figured i'd bring it to everybody's attention i highly recommend that you read the entire coin center blog it's not very long it just came out today jerry and peter wrote it has a link to the act has a link to the specific provisions talks about it and there's a call to action not many more of these videos we can make because if we keep losing then at some point i won't be allowed to make these videos it's up to you guys we either stand together as an industry or we let our petty differences and stupidity divide us and get picked apart one by one by this and then nobody gets to play it's a republic if you can keep it
