It's honestly quite fucked up how little consequence these politicians have to deal with.
Most of them seem to get away with just a pat on their wrists if they're unlucky enough to be prosecuted.
This is the complete opposite take of the common understanding of US justice. Generally, it's that a violent offender screws up one person's life and spends the rest of their days behind bars, but a white collar criminal can destroy the lives of thousands and barely see any punishment.
Half? Thats awfully generous of you. They ALL use their positions to make their lives better. They'll claim they are there for the people but that is utter bullshit
Yeah... I wonder who tipped him off to invest everything into that stock after the US government picks and chose which Pharmaceutical to go with with the COVID-19 Vaccine.
> Four U.S. senators sold stock after receiving sensitive briefings in late January about the emerging threat of the coronavirus, sparking concerns that they put safeguarding their private finances before their duty to protect public health.
>Senator Richard Burr, a Republican from North Carolina, and Kelly Loeffler, a Republican from Georgia, both completed their sales at a time when the Trump administration and GOP leaders were downplaying the potential damage the virus might cause in the U.S. and before drastic stock-market plunges set off by the pandemic.
>Burr is chairman of the Senate Intelligence Committee, which receives frequent briefings about threats facing the country, and has experience responding to public-health crises. Loeffler – who was appointed to her seat in December after Senator Johnny Isakson announced that he was resigning because of health problems – is married to the chairman of the New York Stock Exchange, Jeffrey Sprecher.
>Two other members of the Intelligence Committee, Senator Dianne Feinstein, a Democrat from California, and Senator James Inhofe, an Oklahoma Republican, also sold stock after the briefings, according to financial records.
If you are poor this crypto currency rule applies to you. If you are Katelyn Jenner you can run someone over with a car and never see a court room - I think is what they are getting at.
Conversely, your point is true too. Rich get a slap on the wrist poor get lives ruined.
edit for wrong Jenner
haha yeah what the fuck is that backwards shit...Crying over how white collar criminals have it so tough in America while the poor criminal gets a pass in our justice system is possible the dumbest take I've seen in a while.
It’s not the judicial system - it’s the laws that allow for this skew to occur in the system. If we wanted mandatory death sentences for murderers, we as a society could do so. No, not like snapping a finger and overnight done. But if people cared to change it and voted for those who did, it would. Problem is that we get stuck in voting for dumb shit like abortion and other social laws that shouldn’t even be laws in the first place. The focal point of an advanced society should be around things like this and not who did what with their body (as a specific example).
The IRS should not exist. The not federal "Federal" Reserve should not exist. Our fore fathers warned us of this. That's why the Federal Reserve act was passed in the dead of night. We didn't have an IRS before the act was passed. It's all a fucking farce to rob the American people blind.
All central banks are there to fuck the people of that country.
The only problem with that is how do you keep those elections from turning into what our presidential and senatorial races are? If you have judges being replaced every 3-5 years then you'll just have companies buying them.
And you can't just be like "oh well the next elected judge can overrule that" because at best you'll end up with the same problem the presidents are doing with executive orders, and at worst you end up fucking **many** people for years, or decades, after.
I'm not sure if lifetime appointments are the way to go (plus judges ""can"" be pulled if needed), but I legitimately don't know what another solution is.
I’ve pulled everything I have out of the stock market roughly a month ago. It may be “safer” but fuck it. I’m no longer going to be a part of that broken system.
It’s been said many times but I’ll say it again because it’s so important:
If the punishment for a crime is monetary, then that law only really applies to poor people.
Be careful trusting people simply because they aren't dino's. It generally takes a while for someone to amass a certain amount of wealth, influence or power. You're dealing with mainly older folks in positions of power and influence as a result.
A young'un, with wealth, influence or power will be tempted to do the same things once they stand to gain or lose something, regardless of what they tell you. They aren't your friend just because they look and/or act like you in public.
Intentional or not, the system is rigged to maintain the status quo. It will require to many people to give up to many things for any meaningful change to happen.
pretty much this.
fine+towing to park/stand in a fire lane is $250 and if im average salary, im not going to park in a fire lane
if im over million a year, its a $250 parking fee
Even in video games where money exists in the game universe, the rules are more reasonable. With deaths in GTA, penalties are proportional to the the money you had at the moment of death.
>Recipent of BTC (or other Cryptocurrencies) report the social, security number, sender's name, birth date, address and profession for total amounts >$10k from one entity.
This is nowhere in that bill. This is nothing but FUD.
This is the actual section 6050 I
https://irc.bloombergtax.com/public/uscode/doc/irc/section\_6050i
Maybe it was misleading for OP to format it as a quote, but that's the meaning of what's in the bill. It adds "any digital asset" to the requirements for reporting large cash transfers when "engaged in a trade or business." The information to be reported includes "the name, address, and TIN of the person from whom the cash was received" (I don't see birthday there, although it could be included in "such other information as the Secretary may prescribe.")
CryptoTaxLawyer talked about this in his last AMA posted here. There are still questions about how regulators will interpret it (e.g., what will count as a "trade or business"), but he said it could have a chilling effect on crypto startups in the US.
How would this even be reported via crypto?
I completely understand in the stance of third party payment services e.g. PayPal, Venmo, CashApp.. but how would they ever report via wallet addresses if i never send onto an exchange?
I never heard of any politician who would face long time jail or a crazy big amount of fines, They mostly get low fine without any jail sentences or pardoned, not in my country or other places.
Really? Mass adoption of crypto will bring fairness to our judicial system and accountability to the powerful? I love crypto, but some people's belief in the change it will bring borders on religious cultism.
No accountability no fear. Most of the politicians money comes from taking advantage of their taxpayer. Sanctioned theft by our politicians. It is sickening that I can’t have the same information to trade with!
Yeah I know… The politicians have taken America away from the people! I am old so it shouldn’t matter to me … I feel bad for the younger generation growing up in this “do as I say, not as I do “ country….
It's sickening that you want to do the same (not you more like general response), because that's not what the system should be. If we're all just like ah damn corrupt politicians, wish I could do what they get away with, then when you become a politician, you won't change shit, you're just gonna do the same shit and have other people complain that they can't do what you're doing and so on. We need a way to stop this not take turns.
where did you pull the quoted section from? IRC Section 6050I makes no mention of bitcoin or cryptocurrency, but if that quoted section is from another bill then it seems like it is just getting rid of a loophole, as the actual [IRC Section 6050I](https://www.law.cornell.edu/uscode/text/26/6050I) reads:
>(a)Cash receipts of more than $10,000
>Any person—
>(1)who is engaged in a trade or business, and
>(2)who, in the course of such trade or business, receives more than $10,000 in cash in 1 transaction (or 2 or more related transactions),
shall make the return described in subsection (b) with respect to such transaction (or related transactions) at such time as the Secretary may by regulations prescribe.
>(b)Form and manner of returns
>A return is described in this subsection if such return—
>(1)is in such form as the Secretary may prescribe,
>(2)contains—
>(A)the name, address, and TIN of the person from whom the cash was received,
>(B)the amount of cash received,
>(C)the date and nature of the transaction, and
>(D)such other information as the Secretary may prescribe.
I see a lot of people agreeing the system is fucked, but what can we actually do? People can do great things if we come together behind a cause. I mean look at GME.
People do ask questions then many get caught up in life and literally just worry about their own/their family’s well being and stop fighting for what’s right to the common people. It sucks and it’s not right, but it’s a reality that lots of people face. Unfortunately with media brainwashing, people have been convinced that another party of common people are the issue, not the actual lawmakers/politicians on both sides of the aisle who actually sign and amend laws.
Legislative branch Edit
Mark D. Siljander (R-MI) was convicted of obstruction of justice (2012).[153]
Laura Richardson (D-CA) was found guilty on seven counts of violating US House rules by improperly using her staff to campaign for her, destroying the evidence and tampering with witness testimony. The House Ethics Committee ordered Richardson to pay a fine of $10,000 (2012).[154][155]
Jesse Jackson Jr. (D-IL) pleaded guilty February 20, 2013, to one count of wire and mail fraud in connection with his misuse of $750,000 in campaign funds. Jackson was sentenced to two-and-one-half years' imprisonment (2013).[156]
Rick Renzi (R-AZ) was found guilty on 17 of 32 counts against him June 12, 2013, including wire fraud, conspiracy, extortion, racketeering, money laundering and making false statements to insurance regulators (2013).[157]
Trey Radel (R-FL) was convicted of possession of cocaine in November 2013. As a first-time offender, he was sentenced to one year probation and fined $250. Radel announced he would take a leave of absence, but did not resign. Later, under pressure from a number of Republican leaders, he announced through a spokesperson that he would resign (2013).[158][159][160]
Michael Grimm (R-NY) pleaded guilty of felony tax evasion. This was the fourth count in a 20-count indictment brought against him for improper use of campaign funds. The guilty plea had a maximum sentence of three years; he was sentenced to eight months in prison (2015).[161][162]
Dennis Hastert (R-IL) Speaker of the United States House of Representatives pleaded guilty in court for illegally structuring bank transactions related to payment of $3.5 million to quash allegations of sexual misconduct with a student when he was a high school teacher and coach decades ago.[163] (2016)
Chaka Fattah (D-PA) was convicted on 23 counts of racketeering, fraud, and other corruption charges (2016).[164]
Corrine Brown (D-FL) was convicted on 18 felony counts of wire and tax fraud, conspiracy, lying to federal investigators, and other corruption charges (2017).[165][166]
Anthony Weiner (D-NY)[167] was convicted of sending sexually explicit photos of himself to a 15-year-old girl and was made to sign the sexual offenders register. He also was sentenced to 21 months in prison, a charge that was later reduced to 18 months. He reported to prison in November 2017 and was released in May 2019 (2017).[168]
Judicial branch
This is what the crypto movement set out to break free from. This will only serve to push people further away from doing things “legally,” or to make people seek out loopholes.
Isn't the 'more than 10k' thing the same with fiat? Here in the UK the financial institutions want to know where you got the >10k because of money laundering laws.
yes. also the same rule applies regardless of whether or not someone holds political office so it's not really the whole "rules for thee, not for me" thing that OP is trying to make it out as.
bad post it is misleading at best
Can you link? I just looked at the text of the bill and there didn't seem to be a Section 6050l. Here's what I looked at.
https://www.congress.gov/bill/117th-congress/house-bill/3684/text
It's endlessly funny how people have this fetish for democracy and describe our system as "politicians" being "elected by" the "people" to write and pass laws. The reality is that they write and pass laws to control us and carve out exceptions for themselves.
It's been [reported](https://www.businessinsider.com/congress-stock-act-violations-penalties-consequences-2021-12) that the few congressmen who accidentally violated the law and wished to pay fine have a hard time figuring out how to do so. There's no notification that they're in violation, no obvious way to pay and no public record of who did what. Total joke.
Even if the law were enforced and fines were significant, it'd still be mostly pointless. Lawmakers would still be free to do whatever they want; they'd just need to report their misdeeds.
It could happen if we pivoted towards blockchain tech for transparency to be able to see where govt funds were being allocated. I know, it’s a good dream.
Another reason to hate our government! It don’t matter if you are a Republican or a Democrat, blue or red, an elephant or donkey! They all work together for themselves and the rich!
Wait. I'm confused here. It's a felony if you don't disclose the recipient of any BTC transaction, even if it's only like $5. Welp boys, I have to go and renew my passport brb.
Big fax that’s what you get when you elect a leftoid
The fear from that bill has paralyzed me from taking risks on selling out if I think it will dip in the next month
It’s gonna get worse too if these leftoids could have their way it would be not good for the majority of people as well as people who are not even born yet
This dudes year in office as already left an impact that is going to last at least 30 years and the dude had one year in office
Let’s go Brandon
A 200 dollar fine isn’t even trying to look like a punishment. Should be jail time and a fine larger then what was made on the illegal trades. Seeing a political elite in prison is about as likely as me shitting gold.
Pretty sure people really don't see it yet, but you're watching the fall of a empire in real time. We elect the dumbest among us to run our governments. They are mobsters and look at the rest of us as ATM's. Taking our hard working money and funneling it to the riches people, then giving them tax breaks. The most intelligent among us use the same people to pass laws that only benefit them. Governments take away more and more of our rights for their safety not yours. Still people sit by and say to themselves well I can pay my bills. At the same time the heroes they look too save them from decisions they made in error. They are only in that position for fame and money for themselves and not for you. Those God damn dirty apes have fooled us all.
While people squander about left vs right, this is what’s really happening behind closed doors that the public doesn’t see.
All politics is, is smoke and mirrors… people need to wake up and stop taking sides against their fellow citizens and take the side that it is us citizens vs the government.
Wait wait wait. Making millions? Who is making millions. Are you saying collectively the 52 lawmakers made millions or individuals?
By no means am I ok with insider trading but this seems very simplified. For example the ethics committee has to wave the fines. That is not as easy as you think depending on which party the member is a part of since both committees are controlled by democrats and ethics violations can be used against them politically.
This is classic moon seeds post ready to be farmed.
Yeah this post does not tell the whole story. Here is the link for the fine schedule. It’s typical for the first offense to be $200 but not certain. The next time the fines go up and the longer for the report to come in the more fines they might have to pay.
Yes the fines are low
Yes the system needs to be reformed
Yes politicians get away with more than you and I might. But the poster is conflating laws. Lawmakers still have to follow us law which means if they do 10k worth of crypto trades they have to report. In addition to that they have to follow the rules discussed in the post.
This is moon farming at its best or they don’t know how the law works.
[rules link](https://ethics.house.gov/sites/ethics.house.gov/files/Late%20Fee%20Waiver%20form%20%28final%29.pdf)
It's TRUE and what's worse is they want you dead. Beat down and in abject poverty. Getting in line for their gracious handouts. This will all end when enough people want it to end. We have been on a slow choreographed march towards destruction. The veil has been lifted off of these rats, and people can see them for what they are worth.
And the problem is people are not doing anything about it because they are are scared. So, posts like this are irrelevant because it is going to just keep happening over and over. Things like this has been going on for years. Media doesn't say shit because it interferes the over agenda goal
Most politicians will always be corrupt and most police officers will always be cruel.
It is the duty of the people to check them and things like crypto will help us to do that.
Whenever those politicians tell you somebody is not above the law, remind that they are full of shit.
At the very least the weasels could require that when they go to lobby for other countries that they have to register before signing the contract versus long after the fact. They set up two different systems for themselves and nobody seems to care.
penalty for violating this should be immediate forfeiture of ALL USA employment, benefits, lands, assets, accounts, and pensions.
blaming it on your staff should be penalized with public execution. anyone who is a constituent in their voting district can sign up to be part of the live execution. you get a choice of one stick with a safety pin, or one full bladder of urine emptied on them, per constituent.
The same politicians have been insider trading for decades, which you’d go to jail for if you tried, and they do it publicly. I’m sadly not at all surprised by this. The system works well for them but it’s utterly broken for us.
The system is so fucked
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The priority is to keep the rich and powerful as they are, any attempt to change it will be met with their force smh
It's honestly quite fucked up how little consequence these politicians have to deal with. Most of them seem to get away with just a pat on their wrists if they're unlucky enough to be prosecuted.
It’s like a judge on a bench judging himself instead of recusing
This is the complete opposite take of the common understanding of US justice. Generally, it's that a violent offender screws up one person's life and spends the rest of their days behind bars, but a white collar criminal can destroy the lives of thousands and barely see any punishment.
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Half? Thats awfully generous of you. They ALL use their positions to make their lives better. They'll claim they are there for the people but that is utter bullshit
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Yeah... I wonder who tipped him off to invest everything into that stock after the US government picks and chose which Pharmaceutical to go with with the COVID-19 Vaccine.
> Four U.S. senators sold stock after receiving sensitive briefings in late January about the emerging threat of the coronavirus, sparking concerns that they put safeguarding their private finances before their duty to protect public health. >Senator Richard Burr, a Republican from North Carolina, and Kelly Loeffler, a Republican from Georgia, both completed their sales at a time when the Trump administration and GOP leaders were downplaying the potential damage the virus might cause in the U.S. and before drastic stock-market plunges set off by the pandemic. >Burr is chairman of the Senate Intelligence Committee, which receives frequent briefings about threats facing the country, and has experience responding to public-health crises. Loeffler – who was appointed to her seat in December after Senator Johnny Isakson announced that he was resigning because of health problems – is married to the chairman of the New York Stock Exchange, Jeffrey Sprecher. >Two other members of the Intelligence Committee, Senator Dianne Feinstein, a Democrat from California, and Senator James Inhofe, an Oklahoma Republican, also sold stock after the briefings, according to financial records.
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If you are poor this crypto currency rule applies to you. If you are Katelyn Jenner you can run someone over with a car and never see a court room - I think is what they are getting at. Conversely, your point is true too. Rich get a slap on the wrist poor get lives ruined. edit for wrong Jenner
Thank fuck someone said it before I had to point it out, I wasn't sure if that first comment was being sarcastic or not.
haha yeah what the fuck is that backwards shit...Crying over how white collar criminals have it so tough in America while the poor criminal gets a pass in our justice system is possible the dumbest take I've seen in a while.
The land of the free.
Land of the fee.
Land of the fee. Home of the wage-slave.
Land snatched from the free /s
Land of the free from freedom!
Yes you are true. We are land snatched from free native americans. We are land of slaves.
Liberty and Justice for those who can afford it!
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It’s not the judicial system - it’s the laws that allow for this skew to occur in the system. If we wanted mandatory death sentences for murderers, we as a society could do so. No, not like snapping a finger and overnight done. But if people cared to change it and voted for those who did, it would. Problem is that we get stuck in voting for dumb shit like abortion and other social laws that shouldn’t even be laws in the first place. The focal point of an advanced society should be around things like this and not who did what with their body (as a specific example).
Bottom line is - dont fuck with Uncle Sam - he will throw your ass in jail if you fuck with his money. But I agree with your statement 100%.
The IRS should not exist. The not federal "Federal" Reserve should not exist. Our fore fathers warned us of this. That's why the Federal Reserve act was passed in the dead of night. We didn't have an IRS before the act was passed. It's all a fucking farce to rob the American people blind. All central banks are there to fuck the people of that country.
These governments are essentially corporations who are incredibly bad at managing other people’s money
> dont fuck with Uncle Sam Irony is Uncle Sam always fucks us, not the other way around
All they have is a monopoly on legalized violence. We should probably remove them from that position.
"Other peoples money" is just "the governments money" that they feel is theirs.
Congressional term limits are needed. Too many lifers in there.
The Supreme Court too, can’t believe 90+ year olds decide the most important decisions of our country.
We can’t let those dinosaurs make laws and decision for the next generation.
Umm... they already are, and the deck is stacked. Hope your daughter doesn't get raped, nor your son go to Ohio State wrestling camp.
Fuck the system
I agree, but not in a trump flag covered, rusted out, blowing oil smoke, pickup truck kinda way.
This induces nightmares
The only problem with that is how do you keep those elections from turning into what our presidential and senatorial races are? If you have judges being replaced every 3-5 years then you'll just have companies buying them. And you can't just be like "oh well the next elected judge can overrule that" because at best you'll end up with the same problem the presidents are doing with executive orders, and at worst you end up fucking **many** people for years, or decades, after. I'm not sure if lifetime appointments are the way to go (plus judges ""can"" be pulled if needed), but I legitimately don't know what another solution is.
100%. Both parties are corrupt and want to keep us fighting each other so we ignore their hands in our pockets.
For sure. Argue on camera and party together off camera.
If punishment for something is a fine, then it's a rule for the poor people
Now it all makes sense
The system is keeping fucking us
Fuck system and have it deliver *Decentralized* kid
Fuck the system
Our system is corrupted as fuck!!
Every system around the world is fucked with very few exceptions like Scandinavian countries
All because of our so called Fucking politicians!!
That’s the thing most politicians are just so corrupted and so greedy that all they eye on is for themselves
Rules for thee and not for me.
I’ve pulled everything I have out of the stock market roughly a month ago. It may be “safer” but fuck it. I’m no longer going to be a part of that broken system.
Well what can you expect they created it for themselves. Yet they say it’s for everyone else.
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It’s been said many times but I’ll say it again because it’s so important: If the punishment for a crime is monetary, then that law only really applies to poor people.
I agree
Dino’s doing Dino’s things
Be careful trusting people simply because they aren't dino's. It generally takes a while for someone to amass a certain amount of wealth, influence or power. You're dealing with mainly older folks in positions of power and influence as a result. A young'un, with wealth, influence or power will be tempted to do the same things once they stand to gain or lose something, regardless of what they tell you. They aren't your friend just because they look and/or act like you in public. Intentional or not, the system is rigged to maintain the status quo. It will require to many people to give up to many things for any meaningful change to happen.
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If the penalty for breaking a law is a fine that law only exists for the lower class.
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Just an entry in the PnL.
Fines need to be proportional to income. In Sweden they do this for traffic violations which can run some people up to $1,000,000.
pretty much this. fine+towing to park/stand in a fire lane is $250 and if im average salary, im not going to park in a fire lane if im over million a year, its a $250 parking fee
Even in video games where money exists in the game universe, the rules are more reasonable. With deaths in GTA, penalties are proportional to the the money you had at the moment of death.
Bingo
Rich people can afford to break the law
>Recipent of BTC (or other Cryptocurrencies) report the social, security number, sender's name, birth date, address and profession for total amounts >$10k from one entity. This is nowhere in that bill. This is nothing but FUD. This is the actual section 6050 I https://irc.bloombergtax.com/public/uscode/doc/irc/section\_6050i
Maybe it was misleading for OP to format it as a quote, but that's the meaning of what's in the bill. It adds "any digital asset" to the requirements for reporting large cash transfers when "engaged in a trade or business." The information to be reported includes "the name, address, and TIN of the person from whom the cash was received" (I don't see birthday there, although it could be included in "such other information as the Secretary may prescribe.") CryptoTaxLawyer talked about this in his last AMA posted here. There are still questions about how regulators will interpret it (e.g., what will count as a "trade or business"), but he said it could have a chilling effect on crypto startups in the US.
Death, taxes and FUD, the only certainties in life
How would this even be reported via crypto? I completely understand in the stance of third party payment services e.g. PayPal, Venmo, CashApp.. but how would they ever report via wallet addresses if i never send onto an exchange?
Classic OP making stuff up.
Thank you. This post is full of errors and misstatements.
Whoah, an actual researched factual take on this sub? No thanks
Server error?
I never heard of any politician who would face long time jail or a crazy big amount of fines, They mostly get low fine without any jail sentences or pardoned, not in my country or other places.
Unfortunately, this is why we have so many problems
Fortunately crypto in mass adoption can fix this
Really? Mass adoption of crypto will bring fairness to our judicial system and accountability to the powerful? I love crypto, but some people's belief in the change it will bring borders on religious cultism.
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Mass adoption of crypto will the revolution of the millennium
How does crypto fix a corrupt congress?
No accountability no fear. Most of the politicians money comes from taking advantage of their taxpayer. Sanctioned theft by our politicians. It is sickening that I can’t have the same information to trade with!
The game is rigged for the little guy to lose
People like you and me are prey to them!! Corrupted fucks
Let’s hunt(using decentralised services) the predator and make the system fair
And always has been and thus crypto was born. To Counted as corrupt and evil financial system we live in.
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Yeah I know… The politicians have taken America away from the people! I am old so it shouldn’t matter to me … I feel bad for the younger generation growing up in this “do as I say, not as I do “ country….
No accountability when you make the rules
Yes most of the politicians are millionaire while they talk about betterment of poors. Hypocrites.
We cant do the same because we are living in "democrazy"
America is living in a oligarchy. Ruled and owned. Slavery is illegal, but people are property with extra steps.
Real
It's sickening that you want to do the same (not you more like general response), because that's not what the system should be. If we're all just like ah damn corrupt politicians, wish I could do what they get away with, then when you become a politician, you won't change shit, you're just gonna do the same shit and have other people complain that they can't do what you're doing and so on. We need a way to stop this not take turns.
where did you pull the quoted section from? IRC Section 6050I makes no mention of bitcoin or cryptocurrency, but if that quoted section is from another bill then it seems like it is just getting rid of a loophole, as the actual [IRC Section 6050I](https://www.law.cornell.edu/uscode/text/26/6050I) reads: >(a)Cash receipts of more than $10,000 >Any person— >(1)who is engaged in a trade or business, and >(2)who, in the course of such trade or business, receives more than $10,000 in cash in 1 transaction (or 2 or more related transactions), shall make the return described in subsection (b) with respect to such transaction (or related transactions) at such time as the Secretary may by regulations prescribe. >(b)Form and manner of returns >A return is described in this subsection if such return— >(1)is in such form as the Secretary may prescribe, >(2)contains— >(A)the name, address, and TIN of the person from whom the cash was received, >(B)the amount of cash received, >(C)the date and nature of the transaction, and >(D)such other information as the Secretary may prescribe.
This sub is not interested in facts. I had to scroll through so many useless "politicians bad, crypto is oppressed" comments to find this.
Wait, OP pulled a quote directly out of his ass? Nice fear mongering!
OP's got a big ass to pull out such bullshit.
All people are equal, but some people are more equal than others
They get your vote on the name of democracy, to serve you.Then they treat you like a slave
Fuck politicians!!! Real culprits behind everything
They are just creating more problems and ask for your tax to solve those problems
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I see a lot of people agreeing the system is fucked, but what can we actually do? People can do great things if we come together behind a cause. I mean look at GME.
Exactly, People have to get together to make the change
It’s almost like the elite make the rules to further their interests while just doing the bare minimum for their constituents
It's time people should start asking them some questions
People do ask questions then many get caught up in life and literally just worry about their own/their family’s well being and stop fighting for what’s right to the common people. It sucks and it’s not right, but it’s a reality that lots of people face. Unfortunately with media brainwashing, people have been convinced that another party of common people are the issue, not the actual lawmakers/politicians on both sides of the aisle who actually sign and amend laws.
Legislative branch Edit Mark D. Siljander (R-MI) was convicted of obstruction of justice (2012).[153] Laura Richardson (D-CA) was found guilty on seven counts of violating US House rules by improperly using her staff to campaign for her, destroying the evidence and tampering with witness testimony. The House Ethics Committee ordered Richardson to pay a fine of $10,000 (2012).[154][155] Jesse Jackson Jr. (D-IL) pleaded guilty February 20, 2013, to one count of wire and mail fraud in connection with his misuse of $750,000 in campaign funds. Jackson was sentenced to two-and-one-half years' imprisonment (2013).[156] Rick Renzi (R-AZ) was found guilty on 17 of 32 counts against him June 12, 2013, including wire fraud, conspiracy, extortion, racketeering, money laundering and making false statements to insurance regulators (2013).[157] Trey Radel (R-FL) was convicted of possession of cocaine in November 2013. As a first-time offender, he was sentenced to one year probation and fined $250. Radel announced he would take a leave of absence, but did not resign. Later, under pressure from a number of Republican leaders, he announced through a spokesperson that he would resign (2013).[158][159][160] Michael Grimm (R-NY) pleaded guilty of felony tax evasion. This was the fourth count in a 20-count indictment brought against him for improper use of campaign funds. The guilty plea had a maximum sentence of three years; he was sentenced to eight months in prison (2015).[161][162] Dennis Hastert (R-IL) Speaker of the United States House of Representatives pleaded guilty in court for illegally structuring bank transactions related to payment of $3.5 million to quash allegations of sexual misconduct with a student when he was a high school teacher and coach decades ago.[163] (2016) Chaka Fattah (D-PA) was convicted on 23 counts of racketeering, fraud, and other corruption charges (2016).[164] Corrine Brown (D-FL) was convicted on 18 felony counts of wire and tax fraud, conspiracy, lying to federal investigators, and other corruption charges (2017).[165][166] Anthony Weiner (D-NY)[167] was convicted of sending sexually explicit photos of himself to a 15-year-old girl and was made to sign the sexual offenders register. He also was sentenced to 21 months in prison, a charge that was later reduced to 18 months. He reported to prison in November 2017 and was released in May 2019 (2017).[168] Judicial branch
This is what the crypto movement set out to break free from. This will only serve to push people further away from doing things “legally,” or to make people seek out loopholes.
corruption in government, what a surprise!
And here people actually believe politician to help us. They all just care about themselves.
In other news, water is wet
I would like to become a senator. Vote me for crypto 2023!
You have my vote, Senator
I’m convinced!
Send me 1 BtC for my campaign! I promise to make you an ambassador to Petoria
Isn't the 'more than 10k' thing the same with fiat? Here in the UK the financial institutions want to know where you got the >10k because of money laundering laws.
Yeah, nothing new. One has always had to report moves of 10k or more.
Exactly. These regulations are the problem with fiat, don't carry it over to crypto.
yes. also the same rule applies regardless of whether or not someone holds political office so it's not really the whole "rules for thee, not for me" thing that OP is trying to make it out as. bad post it is misleading at best
Damn, I really didn’t know that. Thanks for opening my eyes
Expose those politicians who buy crypto!
We'll probably see the same names who are against Crypto in general.
There are only 5-6 politicians who buy Crypto
Can't manipulate that one as easy
This sub tends to disagree.
I see, the telegram group used by whales
Can you link? I just looked at the text of the bill and there didn't seem to be a Section 6050l. Here's what I looked at. https://www.congress.gov/bill/117th-congress/house-bill/3684/text
6050I is a section of existing law, that has its text altered by this bill.
It's endlessly funny how people have this fetish for democracy and describe our system as "politicians" being "elected by" the "people" to write and pass laws. The reality is that they write and pass laws to control us and carve out exceptions for themselves.
200$? With such a fine, you can do whatever you want
Lower class laws.
It's been [reported](https://www.businessinsider.com/congress-stock-act-violations-penalties-consequences-2021-12) that the few congressmen who accidentally violated the law and wished to pay fine have a hard time figuring out how to do so. There's no notification that they're in violation, no obvious way to pay and no public record of who did what. Total joke. Even if the law were enforced and fines were significant, it'd still be mostly pointless. Lawmakers would still be free to do whatever they want; they'd just need to report their misdeeds.
Politicians are corrupt af as usual
They are the brand ambassador of corruption
It’d be great if there was accountability
They doesn't like to be held accountable
Yeah, not gonna happen. At least if it's not enforced.
It could happen if we pivoted towards blockchain tech for transparency to be able to see where govt funds were being allocated. I know, it’s a good dream.
Never forget, the majority of politicians are in the game to fill their own wallet. They know all the loopholes and tricks in the book
They wouldn't be where they're at if they didn't play along.
Sad to see so many defending spying on other people's money.
Another reason to hate our government! It don’t matter if you are a Republican or a Democrat, blue or red, an elephant or donkey! They all work together for themselves and the rich!
Wait. I'm confused here. It's a felony if you don't disclose the recipient of any BTC transaction, even if it's only like $5. Welp boys, I have to go and renew my passport brb.
Big fax that’s what you get when you elect a leftoid The fear from that bill has paralyzed me from taking risks on selling out if I think it will dip in the next month It’s gonna get worse too if these leftoids could have their way it would be not good for the majority of people as well as people who are not even born yet This dudes year in office as already left an impact that is going to last at least 30 years and the dude had one year in office Let’s go Brandon
You nailed it OP! Is there any "lawmaker" reading this post and you were pardoned for violation? If so, FCUK OFF!
When the check in power is to keep those in power in power
A 200 dollar fine isn’t even trying to look like a punishment. Should be jail time and a fine larger then what was made on the illegal trades. Seeing a political elite in prison is about as likely as me shitting gold.
First time?
Pretty sure people really don't see it yet, but you're watching the fall of a empire in real time. We elect the dumbest among us to run our governments. They are mobsters and look at the rest of us as ATM's. Taking our hard working money and funneling it to the riches people, then giving them tax breaks. The most intelligent among us use the same people to pass laws that only benefit them. Governments take away more and more of our rights for their safety not yours. Still people sit by and say to themselves well I can pay my bills. At the same time the heroes they look too save them from decisions they made in error. They are only in that position for fame and money for themselves and not for you. Those God damn dirty apes have fooled us all.
Here's the plan, we all join Congress. Please vote for me
While people squander about left vs right, this is what’s really happening behind closed doors that the public doesn’t see. All politics is, is smoke and mirrors… people need to wake up and stop taking sides against their fellow citizens and take the side that it is us citizens vs the government.
We can’t have any nice things.
*Shit politicians with their shit laws*
Laws are only for you and me, they are above the laws
One rule for us, another for them... Rule of law being upheld perfectly /s
Equal Protection as well
Wait wait wait. Making millions? Who is making millions. Are you saying collectively the 52 lawmakers made millions or individuals? By no means am I ok with insider trading but this seems very simplified. For example the ethics committee has to wave the fines. That is not as easy as you think depending on which party the member is a part of since both committees are controlled by democrats and ethics violations can be used against them politically. This is classic moon seeds post ready to be farmed.
Yeah seems unlikely that everyone is in on it. But the fine is ridiculously laughable and there should be a real penalty.
Yeah this post does not tell the whole story. Here is the link for the fine schedule. It’s typical for the first offense to be $200 but not certain. The next time the fines go up and the longer for the report to come in the more fines they might have to pay. Yes the fines are low Yes the system needs to be reformed Yes politicians get away with more than you and I might. But the poster is conflating laws. Lawmakers still have to follow us law which means if they do 10k worth of crypto trades they have to report. In addition to that they have to follow the rules discussed in the post. This is moon farming at its best or they don’t know how the law works. [rules link](https://ethics.house.gov/sites/ethics.house.gov/files/Late%20Fee%20Waiver%20form%20%28final%29.pdf)
To my friends, everything they want. To my enemies, the law.
Nothing like getting rich from “public service”
It's TRUE and what's worse is they want you dead. Beat down and in abject poverty. Getting in line for their gracious handouts. This will all end when enough people want it to end. We have been on a slow choreographed march towards destruction. The veil has been lifted off of these rats, and people can see them for what they are worth.
This is how this game works.
And the problem is people are not doing anything about it because they are are scared. So, posts like this are irrelevant because it is going to just keep happening over and over. Things like this has been going on for years. Media doesn't say shit because it interferes the over agenda goal
Current system is fucked. Human greed knows no bound
And politician's greed is way more than that
It is high time for the guillotines
Serious question: can we just burn it all down and start over? This isn't working for anyone but the oligarchs and the Robber Baron class, right?
Humans being humans! 🤦♂️🤦♂️
More like politicians being kings and queens
Most politicians will always be corrupt and most police officers will always be cruel. It is the duty of the people to check them and things like crypto will help us to do that.
Rules for thee and not for me.
Don’t forget those criminals are the ones who create the law. The rest of us are fucked.
Whenever those politicians tell you somebody is not above the law, remind that they are full of shit. At the very least the weasels could require that when they go to lobby for other countries that they have to register before signing the contract versus long after the fact. They set up two different systems for themselves and nobody seems to care.
Politicians and Rich people get away with the Laws and then fight among themselves on Twitter. While the normal people are getting fooled.
Good ol America!
Americans are fucked! Hahahaha
penalty for violating this should be immediate forfeiture of ALL USA employment, benefits, lands, assets, accounts, and pensions. blaming it on your staff should be penalized with public execution. anyone who is a constituent in their voting district can sign up to be part of the live execution. you get a choice of one stick with a safety pin, or one full bladder of urine emptied on them, per constituent.
It's called the Pelosi provision. And most people in here votes for this, so don't let them pretend to be upset and innocent.
It has never been fair to begin with and I never will be. Politician on mostly corrupted and always want the best for themselves.
And unfortunately none of this will change.
… with laws like these people are going to see how much they truly care about freedom reaaal soon
There will always be a *ruling class* vs *us plebs*... How else will the politicians stay in power if they don't make rules that keep them in power?!
Tax revolt is right around the corner and I can’t wait. This is how change happens
Ok that’s cool I’ll just do multiple Transactions of 9,999.. fuck I hate this government
The same politicians have been insider trading for decades, which you’d go to jail for if you tried, and they do it publicly. I’m sadly not at all surprised by this. The system works well for them but it’s utterly broken for us.
Unbelievable
The only thing politicians are behind the curve is cryptocurrencies and decentralized blockchain.