Wake Up! The Government is Going After Self Custody of Crypto

Wake Up! The Government is Going After Self Custody of Crypto

people better wake up to what’s going on
cuz this is huge and you have to
understand all governments are
tyrannical and as cryptocurrency
Enthusiast we will always be in an
adversarial position this is starting to
get scary and most people have no idea
what’s going on it started out of course
with the SEC ruffling some feathers
suing people like Ripple they’re not
having great success but now we see the
doj the FBI uh the SC C and the IRS all
kind of attacking crypto under this idea
that everything is either a mixing
service or some sort of money
transmitter uh the first article I will
show you is in regards to Samurai wallet
Founders and CEOs of crypto mixing
service arrested and charged with money
laundering and unlicensed money
transmitting offenses now that’s what I
want you to uh keep your eye on that
term unlicensed money transmitting what
does that mean well it could be a
non-custodial wallet it could be a node
or validator Runner it could be a lot of
different things and this case against
Samurai wallet was brought by the doj
but as we will see this is going to be a
continuing theme Here IRS right now they
just released it’s an unfinished form
it’s a 1099 da and uh the US tax agency
has shared what the form might look like
and it shows you where their thinking is
one of the items on there
is self- custody they want the IRS wants
your self- custody wallet whether it’s
treasure Ledger uh some wallet metamask
whatever it is they want to claim that
those you know devices or Services those
are Brokers and they want those Brokers
to 1099 the users what does this really
mean at the heart of things well if
they’re a broker they’re going to have
to have control over that wallet aren’t
they cuz what happens if you just put my
name is Jeb MB and you put in a fake uh
social security number like that’s not
going to be effective they’re going to
have to have controls over those
Services uh in order to shut off your
access and if the government can shut
off your access for not complying with
1099s well they can shut off your access
for any reason they deem fit this is
exactly where they’re trying to push
this industry they want you investing
through Black Rock they want you to use
coinbase and Kraken and all the
exchanges yeah you might be able to send
a payment but it needs to go through
those Services they like custodial
wallets because they can seize your
assets they can track everything you do
uh to a finer degree and this is where
they want to push the space wake up
understand this when you look at the
court case against ethereum and really
consensus what are they focusing on
metamask and that metamask is a broker
that metamask needs to register as a
broker they need to track they need to
1099 and of course they would need to
have controls over this service so they
can censor transactions seize assets
things of this nature people think this
is only the United States I guarantee
you much of Europe would follow suit if
they are successful here and some people
say I don’t care I just want to make
money if you take away the self- custody
as aspect of cryptocurrencies you ain’t
going to make any money cuz they are
worth worthless the same is the system
we are trying to get out of this isn’t
about evading tax look you have to pay
your tax you got to book those
transactions properly report your
income understand that but at the same
time it doesn’t mean you want to give
tyrannical government’s control over
your money it’s the whole point of what
we are doing here to escape this and
they are trying to encircle us and most
people don’t even understand look what
the FBI is saying they’re warning
against crypto money transmitters now
this appears to be aimed at mixers I’m
telling you it’s not that is the term
they will use to make you think oh
everything’s okay they’re just after
these criminal mixers oh no they are
after money transmitters and they’re
going to deem everybody a money
transmitter whether you’re a node your
self- custody everything is going to be
a money transmitter uh and their
tyrannical views and again you’re seeing
the IRS the doj the SEC the FBI and I’m
sure there’s other reptilian
organizations out there that want to end
self custody and it will not just be in
the United States this is worldwide and
crypto better wake up and understand
what they’re doing here this is
absolutely an assault on this crypto
space uh wake up understand that and we
have to fight back against this because
this is bigger than just trying to claim
that a coin uh when it’s sold on the
secondary Market needs to be registered
is a Securities offering this is
stripping the users of their ability to
hold their own value to send payments
where they think they need to go and
ultimately fight back against tyranical
governments which is the whole point of
this digital asset Revolution most
people are blind they don’t see it
happening and it is a big deal let me
know what you think down below and as
always please like Please Subscribe the
revolution will be televised right here
on Jungle link

Every government regulator from the SEC to the IRS is making a move on self custody of crypto assets. They want you using BlackRock to invest and hosted wallets for transactions. This will effect every blockchain.

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Dedicated cryptocurrency educational content creator since 2018, I have been providing in-depth coverage and analysis of the rapidly evolving digital asset landscape. My channel focuses on a wide range of topics, including Bitcoin & major altcoins such as Ethereum, XRP, Cardano, Polkadot, & other Layer 1 smart contract blockchains. I closely follow and discuss emerging regulatory issues surrounding cryptocurrency & blockchain companies, as these developments significantly impact the industry.

Additionally, I explore various use cases for blockchain technology, including decentralized finance (DeFi), payments, gaming, and the tokenization of real-world assets. My content also delves into the importance of interoperability between different blockchain networks, the cyclical nature of cryptocurrency markets, & the rise of Web3 technologies. I provide insights on Layer 2 scaling solutions, which are crucial for the long-term sustainability and mass adoption of blockchain technology.

Disclaimer: The content in this video is for informational and educational purposes only and should not be construed as financial advice. I am not a financial advisor, and the views expressed in this video are solely my own opinions based on available information. Cryptocurrency markets are highly volatile, and investing in Bitcoin or other cryptocurrencies involves substantial risk. Always conduct your own research and consult with a qualified financial professional before making any investment decisions. Past performance does not guarantee future results, and you should never invest more than you can afford to lose.