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RE: LeoThread 2025-11-18 20-21

in LeoFinance5 days ago

Part 5/15:

Exothalis pointed out that the current legal framework implies individuals must gather, store, and transmit sensitive data—such as SSNs—for transactions that often lack any formal relationship or identification process. This requirement burdens everyday users, potentially criminalizes routine activities, and could lead to prison sentences for honest participants simply trying to transfer assets peer-to-peer.

The Bill’s Rash Inclusion and Lack of Justification