A privacy Non-profit signaled concern about US Gov. new rules on hosted wallets - DEFI

Electronic Frontier Foundation (AKA EFF) stated US Government Will Expand Financial Surveillance Through FinCEN's Proposed Crypto Wallet Rules.

EFF also stated "FinCEN is trying to undermine “one of the most important aspects of cryptocurrencies from a civil liberties perspective,” which can provide privacy protections for their users."

I first learned about EFF a few years ago via this book - I would give this book a must read for everyone! I have to double back and read it again
https://www.amazon.com/Protecting-Yourself-Online-Electronic-Foundation/dp/B01K95V270/ref=sr_1_9?dchild=1&keywords=Electronic+Frontier+Foundation&qid=1608815359&sr=8-9

EFF has a myriad of tools that you can use such as http://makeinternetnoise.com/

Disclaimer - I am not employed by EFF nor any FinCEN organization. This is not investment advice!

Summary - the FinCEN rules would hinder a wider adoption of users in the USA which would place the US firmly in the backseat instead of the drivers seat in the dawn new digital currency age!

Enjoy the Journey and protect yourself!