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I'm testifying today. The Bank Secrecy Act has created a financial surveillance regime that violates our privacy, increases the cost of banking, and doesn't stop crime.

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Nick Anthony

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15,578 görüntüleme • 4 ay önce •via X (Twitter)

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Is Peter Van Valkenburgh the most eloquent crypto advocate around? Listen to him on the Blocksmart podcast and make up your own mind. In this episode, Coin Center Executive Director Peter Van Valkenburgh joins Eli Ben-Sasson to discuss the Bank Secrecy Act, whether it actually works, and whether we can achieve more privacy and less surveillance while still ensuring compliance. Peter also shares the brilliant Banana Coin story. Tune in and share your thoughts! Chapters: 0:00 Greetings & guest intro: Peter Van Valkenburgh 1:00 Surveillance, privacy & the Bank Secrecy Act 7:52 Is the Bank Secrecy Act actually preventing crime? 14:26 Privacy and compliance done right 26:04 New tech, ZK & improved privacy 28:35 Digital identity & technological democracy 37:21 The Banana Coin story 45:28 Quick-fire questions 48:00 Parting thoughts
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Is Peter Van Valkenburgh the most eloquent crypto advocate around? Listen to him on the Blocksmart podcast and make up your own mind. In this episode, Coin Center Executive Director Peter Van Valkenburgh joins Eli Ben-Sasson to discuss the Bank Secrecy Act, whether it actually works, and whether we can achieve more privacy and less surveillance while still ensuring compliance. Peter also shares the brilliant Banana Coin story. Tune in and share your thoughts! Chapters: 0:00 Greetings & guest intro: Peter Van Valkenburgh 1:00 Surveillance, privacy & the Bank Secrecy Act 7:52 Is the Bank Secrecy Act actually preventing crime? 14:26 Privacy and compliance done right 26:04 New tech, ZK & improved privacy 28:35 Digital identity & technological democracy 37:21 The Banana Coin story 45:28 Quick-fire questions 48:00 Parting thoughts

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One of the most egregious pieces of the Bank Secrecy Act is how Congress has defined "financial institution" to include an ever-growing list of pawn shops, car dealerships, and even the postal service. Take this May the Fourth to stop the empire and reclaim your freedom.
1:31

One of the most egregious pieces of the Bank Secrecy Act is how Congress has defined "financial institution" to include an ever-growing list of pawn shops, car dealerships, and even the postal service. Take this May the Fourth to stop the empire and reclaim your freedom.

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14,921 görüntüleme • 4 ay önce

Thomas Massie and Lauren Boebert just declared war on the mass surveillance state. “FISA 702 is just the tip of the iceberg … ” “There have been so many erosions of our Fourth Amendment right to privacy.” “The Bank Secrecy Act, the Right to Financial Privacy Act, the Patriot Act … all of them created so-called loopholes in the Constitution.” “The Foreign Intelligence Surveillance Act … is used to go after Americans.” “I’ve been in a SCIF last week where I saw two secret rulings … of how the government has created additional loopholes to spy on you that I’m not even allowed to tell you.” “And finally, the third-party doctrine.” “It’s based on a ruling of the Supreme Court … I think it was a bad ruling, but it’s been expanded in its interpretation to include things like doctor’s appointment records, bank records, phone records … Flock cameras.” “Imagine … that you turn AI loose on these databases.” “Now, there’s virtually nothing the government can’t know about you without a warrant.” “That is why we’ve created … the Surveillance Accountability Act.” “It closes these loopholes that I’ve explained.” “And more importantly, it creates a private right of action.” “It’s almost impossible to sue federal government employees if they infringe on your constitutional rights.” “The second half of this bill gives you the right to sue the government employee.” “If they infringe on your constitutional rights, they could be privately and personally sued for that.” Thomas Massie Thomas Massie for Congress Lauren Boebert
3:38

Thomas Massie and Lauren Boebert just declared war on the mass surveillance state. “FISA 702 is just the tip of the iceberg … ” “There have been so many erosions of our Fourth Amendment right to privacy.” “The Bank Secrecy Act, the Right to Financial Privacy Act, the Patriot Act … all of them created so-called loopholes in the Constitution.” “The Foreign Intelligence Surveillance Act … is used to go after Americans.” “I’ve been in a SCIF last week where I saw two secret rulings … of how the government has created additional loopholes to spy on you that I’m not even allowed to tell you.” “And finally, the third-party doctrine.” “It’s based on a ruling of the Supreme Court … I think it was a bad ruling, but it’s been expanded in its interpretation to include things like doctor’s appointment records, bank records, phone records … Flock cameras.” “Imagine … that you turn AI loose on these databases.” “Now, there’s virtually nothing the government can’t know about you without a warrant.” “That is why we’ve created … the Surveillance Accountability Act.” “It closes these loopholes that I’ve explained.” “And more importantly, it creates a private right of action.” “It’s almost impossible to sue federal government employees if they infringe on your constitutional rights.” “The second half of this bill gives you the right to sue the government employee.” “If they infringe on your constitutional rights, they could be privately and personally sued for that.” Thomas Massie Thomas Massie for Congress Lauren Boebert

Holden Culotta

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The Bank Surveillance Secrecy Act: How America Lost Financial Privacy | Free The Money Ep. 31 As we approach the United States' 250th anniversary, it's worth asking whether we've stayed true to the principles the country was founded on. In this episode of Free The Money, I sit down with Nick Anthony, Research Fellow at the Cato Institute and Fellow at the Human Rights Foundation (HRF), to examine the Bank Secrecy Act and how it transformed banks into de facto law enforcement and has led to decades of expanded surveillance every American. Our Founding Fathers saw how general warrants were used to ransack people's homes, searching for anything authorities could use against them. They recognized this as a fundamental threat to liberty, which is why the Fourth Amendment was created to protect Americans from unreasonable searches and government overreach. Yet today, because of the Bank Secrecy Act, millions of financial records are collected yearly, monitored, and reported to the government without a warrant. What began as a tool to combat tax evasion has evolved into a vast financial surveillance system where banks have effectively become an extension of law enforcement. Nick reported that in a single year, U.S. financial institutions spent an estimated $59 billion complying with the Bank Secrecy Act. During that same period, they filed roughly 28 million reports on their customers, yet those reports generated just 275 investigative leads for the IRS. Of those 275 leads, we don't know how many resulted in arrests or convictions. Nick argues these numbers are evidence of a broken system that subjects millions of law-abiding Americans to financial surveillance with very very little to show for it. Building on that, we also discuss the Third-Party Doctrine, the legal theory that allows the government to obtain information shared with banks and other intermediaries without a warrant. What began as financial surveillance has expanded into something much broader. In an increasingly digital world, where nearly every transaction, communication, and interaction passes through a third party, this doctrine gives the government access to vast amounts of personal information that previous generations would have considered private. As Nick explains, the government is no longer ransacking physical homes, it is increasingly able to sift through our digital lives, collecting information that reveals who we are, where we go, who we associate with, and what we believe. The result is a level of surveillance that would have been unimaginable to the Founders, raising serious questions about privacy, government overreach, and the future of protections in the digital age. Subscribe to Nick’s Substack: Want financial privacy? Check out my favorite privacy coin, Zano and follow Zano for updates. You can buy Zano seamlessly on MEXC using a VPN, or browse the full list of exchanges where Zano is available here: You can also find educational content, tutorials, and interviews on the official Zano YouTube Channel: Sign up for iTrustCapital using my link for a $100 funding bonus and see why more people are opening tax-advantaged Crypto, Gold & Silver IRAs to diversify and protect their future wealth: 0:00 Intro 1:17 The Real Origins of the Bank Secrecy Act: How Financial Surveillance Began 4:16 $60 Billion Spent, 30 Million Reports Filed, Only 275 IRS Leads Generated 6:34 CTRs vs SARs: The Reports Banks File on Ordinary Americans 9:26 Why the $10,000 Reporting Threshold Makes Less Sense Every Year 14:20 How America Exported Financial Surveillance Worldwide & Enabled Transnational Repression 19:27 Zano- Private By Default 21:27 9/11, The Patriot Act & the Explosion of Financial Surveillance 25:03FinCEN: The Agency Collecting Millions of Americans' Financial Records 26:46 ITrustCapital 28:22 The Third-Party Doctrine: How the Fourth Amendment Was Bypassed 32:54 The Lawmakers Fighting to Reform or Repeal the Bank Secrecy Act: Rep Warren Davidson 🇺🇸, Congressman John Rose, & Senator Mike Lee and a handful of others 35:50 Active Lawsuit Against FinCEN Flagging $200 Remittances at Southern Border 39:08 FinCEN's 2013 Crypto Guidance & How It Changed the Industry 43:32 Privacy Isn't Suspicious: Why Privacy Technology Matters 49:19 CBDCs, Stablecoins & Nick Anthony's Hot Take on the CLARITY Act 53:21 Financial Freedom in Nigeria: Why People Are Turning to Privacy Coins 55:15 BIS Revealed that the Federal Reserve Bank of New York is Still an Active Participant in Project Agorá 59:52 Book Recommendations: Conflict of Visions by Thomas Sowell, The Theory of Monetary Institutions by Lawrence White, The Triumph of Fear by Patrick Eddington & Rodigan by David Rodigan
1:02:51

The Bank Surveillance Secrecy Act: How America Lost Financial Privacy | Free The Money Ep. 31 As we approach the United States' 250th anniversary, it's worth asking whether we've stayed true to the principles the country was founded on. In this episode of Free The Money, I sit down with Nick Anthony, Research Fellow at the Cato Institute and Fellow at the Human Rights Foundation (HRF), to examine the Bank Secrecy Act and how it transformed banks into de facto law enforcement and has led to decades of expanded surveillance every American. Our Founding Fathers saw how general warrants were used to ransack people's homes, searching for anything authorities could use against them. They recognized this as a fundamental threat to liberty, which is why the Fourth Amendment was created to protect Americans from unreasonable searches and government overreach. Yet today, because of the Bank Secrecy Act, millions of financial records are collected yearly, monitored, and reported to the government without a warrant. What began as a tool to combat tax evasion has evolved into a vast financial surveillance system where banks have effectively become an extension of law enforcement. Nick reported that in a single year, U.S. financial institutions spent an estimated $59 billion complying with the Bank Secrecy Act. During that same period, they filed roughly 28 million reports on their customers, yet those reports generated just 275 investigative leads for the IRS. Of those 275 leads, we don't know how many resulted in arrests or convictions. Nick argues these numbers are evidence of a broken system that subjects millions of law-abiding Americans to financial surveillance with very very little to show for it. Building on that, we also discuss the Third-Party Doctrine, the legal theory that allows the government to obtain information shared with banks and other intermediaries without a warrant. What began as financial surveillance has expanded into something much broader. In an increasingly digital world, where nearly every transaction, communication, and interaction passes through a third party, this doctrine gives the government access to vast amounts of personal information that previous generations would have considered private. As Nick explains, the government is no longer ransacking physical homes, it is increasingly able to sift through our digital lives, collecting information that reveals who we are, where we go, who we associate with, and what we believe. The result is a level of surveillance that would have been unimaginable to the Founders, raising serious questions about privacy, government overreach, and the future of protections in the digital age. Subscribe to Nick’s Substack: Want financial privacy? Check out my favorite privacy coin, Zano and follow Zano for updates. You can buy Zano seamlessly on MEXC using a VPN, or browse the full list of exchanges where Zano is available here: You can also find educational content, tutorials, and interviews on the official Zano YouTube Channel: Sign up for iTrustCapital using my link for a $100 funding bonus and see why more people are opening tax-advantaged Crypto, Gold & Silver IRAs to diversify and protect their future wealth: 0:00 Intro 1:17 The Real Origins of the Bank Secrecy Act: How Financial Surveillance Began 4:16 $60 Billion Spent, 30 Million Reports Filed, Only 275 IRS Leads Generated 6:34 CTRs vs SARs: The Reports Banks File on Ordinary Americans 9:26 Why the $10,000 Reporting Threshold Makes Less Sense Every Year 14:20 How America Exported Financial Surveillance Worldwide & Enabled Transnational Repression 19:27 Zano- Private By Default 21:27 9/11, The Patriot Act & the Explosion of Financial Surveillance 25:03FinCEN: The Agency Collecting Millions of Americans' Financial Records 26:46 ITrustCapital 28:22 The Third-Party Doctrine: How the Fourth Amendment Was Bypassed 32:54 The Lawmakers Fighting to Reform or Repeal the Bank Secrecy Act: Rep Warren Davidson 🇺🇸, Congressman John Rose, & Senator Mike Lee and a handful of others 35:50 Active Lawsuit Against FinCEN Flagging $200 Remittances at Southern Border 39:08 FinCEN's 2013 Crypto Guidance & How It Changed the Industry 43:32 Privacy Isn't Suspicious: Why Privacy Technology Matters 49:19 CBDCs, Stablecoins & Nick Anthony's Hot Take on the CLARITY Act 53:21 Financial Freedom in Nigeria: Why People Are Turning to Privacy Coins 55:15 BIS Revealed that the Federal Reserve Bank of New York is Still an Active Participant in Project Agorá 59:52 Book Recommendations: Conflict of Visions by Thomas Sowell, The Theory of Monetary Institutions by Lawrence White, The Triumph of Fear by Patrick Eddington & Rodigan by David Rodigan

Bri Teresi

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We don’t make trade-offs with Americans’ rights. Today, we will pass our Anti-CBDC Surveillance State Act to prohibit rogue bureaucrats at the Fed from stripping the American people of their right to financial privacy.
4:18

We don’t make trade-offs with Americans’ rights. Today, we will pass our Anti-CBDC Surveillance State Act to prohibit rogue bureaucrats at the Fed from stripping the American people of their right to financial privacy.

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Do you know about The Patriot Act 🤔 Passed after the 9/11, the Patriot Act has created new rules on surveillance of the American people in the U.S. They told us it has kept the country safer, while others believe it violates Americans' constitutional rights.
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Do you know about The Patriot Act 🤔 Passed after the 9/11, the Patriot Act has created new rules on surveillance of the American people in the U.S. They told us it has kept the country safer, while others believe it violates Americans' constitutional rights.

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The government can buy your data, track your movements, and dig through your financial records. No warrant. No permission. Warrantless surveillance has to stop. The Surveillance Accountability Act fixes this.
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The government can buy your data, track your movements, and dig through your financial records. No warrant. No permission. Warrantless surveillance has to stop. The Surveillance Accountability Act fixes this.

Naomi Brockwell priv/acc

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The House just passed a bill I sponsored to prohibit the Federal Reserve from issuing a Central Bank Digital Currency. This will stop the emergence of CCP-style surveillance and control that would threaten the liberty and privacy of every American.
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The House just passed a bill I sponsored to prohibit the Federal Reserve from issuing a Central Bank Digital Currency. This will stop the emergence of CCP-style surveillance and control that would threaten the liberty and privacy of every American.

Rep. Kevin Kiley

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Boots on the ground today in support of the CLARITY Act. A message from CLO of Helium Sarah Aberg 🎈 after testifying before the United States House Committee on Financial Services Financial Services GOP 🙌.
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Boots on the ground today in support of the CLARITY Act. A message from CLO of Helium Sarah Aberg 🎈 after testifying before the United States House Committee on Financial Services Financial Services GOP 🙌.

Helium🎈

13,567 görüntüleme • 2 ay önce

Congress has a real opportunity to ensure America leads on crypto. The House must pass the CLARITY Act, the GENIUS Act, and the Anti-CBDC Surveillance State Act to protect innovation, privacy, and the future of the U.S. dollar.
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Congress has a real opportunity to ensure America leads on crypto. The House must pass the CLARITY Act, the GENIUS Act, and the Anti-CBDC Surveillance State Act to protect innovation, privacy, and the future of the U.S. dollar.

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CONGRESS JUST PASSED A MASSIVE SURVEILLANCE EXPANSION AND CALLED IT "CRYPTO REGULATION" The CLARITY Act isn't about protecting investors. It's about dragging every cryptocurrency transaction into the government's financial surveillance net. 1/ Crypto brokers and exchanges now fall under Bank Secrecy Act reporting requirements -- every trade monitored 2/ Transaction limits imposed with federal oversight expanding PATRIOT Act enforcement powers to digital assets 3/ They banned CBDCs in the bill to make you think it protects privacy while they built the surveillance infrastructure 294 House members voted to turn your Bitcoin wallet into another government database.
1:30

CONGRESS JUST PASSED A MASSIVE SURVEILLANCE EXPANSION AND CALLED IT "CRYPTO REGULATION" The CLARITY Act isn't about protecting investors. It's about dragging every cryptocurrency transaction into the government's financial surveillance net. 1/ Crypto brokers and exchanges now fall under Bank Secrecy Act reporting requirements -- every trade monitored 2/ Transaction limits imposed with federal oversight expanding PATRIOT Act enforcement powers to digital assets 3/ They banned CBDCs in the bill to make you think it protects privacy while they built the surveillance infrastructure 294 House members voted to turn your Bitcoin wallet into another government database.

Aaron Day

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"We spent a decade terrified the government would build a coin to spy on us with a CBDC. Instead we built it ourselves, handed a copy to Visa and Tether, and called it Freedom" "The Fed, Treasury, OCC, FDIC, and FinCEN are jointly proposing a rule requiring US stablecoin issuers to identify customers like banks. Full Bank Secrecy Act treatment. They'll know exactly who uses a stablecoin with full KYC and AML, what they did with it, and get full transparency into your wallet" "We didn't dodge the surveillance state, we basically franchised it. Chris Giancarlo said with the Genius Act we got the worst. We got both surveillance by stablecoin operators, which is not prevented, and surveillance by government through the Bank Secrecy Act. The word privacy doesn't even appear in the Genius Act" "We've feared a CBDC, railed against China and the ECB for trying to create them. What we actually did with the Genius Act was give private companies complete transparency into everything we do, and they have to hand that to the government. Right now stablecoins are more dystopian and more like a central bank digital currency"
2:55

"We spent a decade terrified the government would build a coin to spy on us with a CBDC. Instead we built it ourselves, handed a copy to Visa and Tether, and called it Freedom" "The Fed, Treasury, OCC, FDIC, and FinCEN are jointly proposing a rule requiring US stablecoin issuers to identify customers like banks. Full Bank Secrecy Act treatment. They'll know exactly who uses a stablecoin with full KYC and AML, what they did with it, and get full transparency into your wallet" "We didn't dodge the surveillance state, we basically franchised it. Chris Giancarlo said with the Genius Act we got the worst. We got both surveillance by stablecoin operators, which is not prevented, and surveillance by government through the Bank Secrecy Act. The word privacy doesn't even appear in the Genius Act" "We've feared a CBDC, railed against China and the ECB for trying to create them. What we actually did with the Genius Act was give private companies complete transparency into everything we do, and they have to hand that to the government. Right now stablecoins are more dystopian and more like a central bank digital currency"

The Wolf Of All Streets

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DIGITAL ID: "A means of controlling the population!" - Nigel Farage The rise of biometric surveillance and the push for Digital ID are direct threats to our privacy, freedom, and dignity. Join #Together today and help stop Digital ID 👇🏻
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DIGITAL ID: "A means of controlling the population!" - Nigel Farage The rise of biometric surveillance and the push for Digital ID are direct threats to our privacy, freedom, and dignity. Join #Together today and help stop Digital ID 👇🏻

Together

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Even today, the warrantless surveillance of Americans continues. Banning a Central Bank Digital Currency is one of the last barriers against a growing surveillance state. Attaching it to FISA would help secure your freedoms and privacy protected by the Fourth Amendment.
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Even today, the warrantless surveillance of Americans continues. Banning a Central Bank Digital Currency is one of the last barriers against a growing surveillance state. Attaching it to FISA would help secure your freedoms and privacy protected by the Fourth Amendment.

Rep. Keith Self

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Enter a new era of digital banking with NCBA Now! Our enhanced banking platform designed to make managing your finances faster, simpler, and more convenient. Experience seamless banking at your fingertips with innovative features, improved functionality, and greater control over your financial journey. Download on App store and Google today! Ready to embrace the future of banking with the leading digital bank? Complete the form below to get started and discover a smarter way to bank with NCBA Now.

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Presenting our refreshed identity! Our new identity embodies our deep commitment to you, our customer, by delivering a banking experience that is seamless, intuitive, and effortless. Come, be a part of the YES BANK of today. #YESBANK
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Presenting our refreshed identity! Our new identity embodies our deep commitment to you, our customer, by delivering a banking experience that is seamless, intuitive, and effortless. Come, be a part of the YES BANK of today. #YESBANK

YES BANK

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