Part 8/15:
Greg and Abe raised broader concerns about how this provision overlaps with existing laws like the Bank Secrecy Act and the ongoing efforts to regulate digital currencies. They explained that traditional cash transaction laws, formulated over decades, are ill-suited for digital assets, which are inherently peer-to-peer and often pseudonymous. Meanwhile, regulators or lawmakers pushing for these mandates seem to overlook the disruptive nature of blockchain technology, which enables private transactions that do not fit neatly into old paradigms.