Join Bitcoin University Premium:https://www.bitcoinuniversity.comIn this video, I discuss "The Digital Asset Anti-Money Laundering Act of 2023" and Elizabeth Warren's attack on basic freedoms and privacy.This Act is a direct and disgusting attack on freedom and privacy in America and must be opposed at all costs.This Act will NOT stop terrorists from using US dollars (their preferred currency of choice), but it WILL infringe on the rights of millions of honest Americans who want to be able to use an amazing modern technology like Bitcoin.Among other things, this Act seeks to impose KYC ("know your customer") requirements on:Bitcoin hot walletsBitcoin hardware walletsBitcoin nodesBitcoin minersHow in the world is one supposed to KYC Bitcoin network users who send transactions across the Bitcoin network that one's node relays?It's absurd. It impossible to do it, even if one wanted to.This Act would be impossible to enforce at scale, which is a good thing, because if taken to its logical conclusion this Act would constitute a de facto ban on Bitcoin in the US:P2P transactions would be illegal.Self-custody would be illegal.Fortunately, this bill will almost certainly not pass, but it does give us a good idea of the struggle ahead. Not investment advice! Consult a financial advisor.The Digital Asset Anti-Money Laundering Act of 2023:https://www.warren.senate.gov/imo/media/doc/Crypto%20AML%20One-Pager_7.26.23.pdfElizabeth Warren's net worth:https://www.caclubindia.com/wealth/elizabeth-warren-net-worth-forbes/Warren's husband:https://en.wikipedia.org/wiki/Bruce_H._MannWarren used to be against the big banks:https://www.wsj.com/articles/elizabeth-warren-maintains-a-hard-line-on-big-banks-1527861600Now Warren is in bed with Jamie Dimon:https://www.benzinga.com/markets/cryptocurrency/23/12/36151068/elizabeth-warren-aligns-with-jamie-dimon-on-crypto-concerns-we-have-a-serious-problem-in-tWarren's legislative record is fortunately quite pathetic:https://twitter.com/dunleavy89/status/1734283111259652218Warren and other politicians relying on incorrect WSJ article:https://twitter.com/samcallah/status/1715854073461604555U.S. Treasury Seeks Massive Expansion of Warrantless Surveillance & Powers to Sanction Open-Source Software:https://www.nobsbitcoin.com/u-s-treasury-recommends-massive-expansion-of-warrantless-surveillance-power-to-sanction-open-source-software/Leaked footage of Elizabeth Warren flying on her Private Jet:https://twitter.com/BTC_Alejandro/status/1648127149818228736Contact your US Senator and ask them to vote against this Act:https://www.senate.gov/senators/senators-contact.htmI am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos. My opinion is not for sale. Please do not contact me with any affiliate or advertising deals. #Bitcoin #crypto Disclaimer Neither Bitcoin University, nor any of its directors, officers, shareholders, personnel, representatives, agents, or independent contractors (collectively, the “Operator Parties”) are licensed financial advisors, registered investment advisors, or registered broker-dealers. None of the Operator Parties are providing investment, financial, legal, or tax advice, and nothing in this video, on this YouTube channel, or at www.Trader.University or www.BitcoinUniversity.com (henceforth, “the Sites”) should be construed as such by you. This video, channel, and the Sites should be used as educational tools only and are not replacements for professional investment advice. Trading or investing in new and volatile assets like Bitcoin can be risky....https://www.youtube.com/watch?v=ViNKJFgWNGY