Just to point out how unserious and tragic the cryptocurrency media is. The government is literally trying to ban crypto. The government literally sued Coinbase for publishing wallet software. How much more obvious can it possibly get? The judge dismissed that charge, but kept all the other ones. When are you guys going to get real and notice that cases need to be won, and now.
Do you think it's an accident that the government sued what seems like every large exchange? Do you think it's an accident they made it harder to custody, harder to trade, harder to get bank accounts for crypto companies? Do you think it's an accident they had to be ruled arbitrary and capricious by the courts after delaying the Bitcoin ETP (aka ETF) for over decade?
The government is strongly working to violate your rights to freedom of speech, and association, and I remember a time not so long ago when they annihilated your freedom of movement. Some movement restrictions are still in place even.
Here's another example of them trying to ban crypto, and some smart lawyers response to it. Scroll to the end for First Amendment analysis. https://t.co/4I9XDueKjs
Some of us are fighting for your rights. It'd be nice if others would make some effort or at least cover it so that those with courage might know it's their time to act.
I'm not a lawyer, this is not legal or financial advice. I'm just someone working real hard to protect your rights.
I am trying to send $PLS from one of my wallets to another. I keep getting a JSON RPC error which I was able to resolve by raising my gas fees. My problem now is that my transactions keep failing. Am I just not putting enough gas for the time of day?
#PLS#PulseChain#HEX#PLSX
#ChatGPT is not open. They're a closed source product with secret development, secret parameters, and actively lobbying for laws that protect them and harm you. This is called regulatory capture and businesses love to convince governments to reduce their competition for them.
Celebrate the actual heroes building open-source AI, AI YOU can improve, YOU can launch a business on, YOU can use to compete. Also, what most of these people call "safety" looks more like tyranny. Can you imagine if AI is controlled by 1 or 2 companies alone, and they get further ahead than everyone else by the minute?
Only competition and the free market can solve this.
The crypto lawyers out there aren't using all the defenses available to them. I came up with these ideas to help them. As blockchains are communications networks, they are protected by Section 230. There's lots of other theories and case law I've found to help you guys out there. It's important to use all of the defenses available to you. Shoutout to XRP and Coinbase for fighting the good fight for freedom.
Freedom of Speech & Expression:
• Cryptocurrency code is protected speech (Bernstein v. DOJ; Junger v. Daley)
• Banning code access violates free speech (Universal City Studios v. Corley)
• Disclosure mandates compel speech (Wooley v. Maynard; Riley v. Nat’l Federation of Blind)
• Vague standards chill protected speech (Reno v. ACLU)
• Anonymity enhances free speech (McIntyre v. Ohio Elections Commission)
Privacy Rights
• Warrantless surveillance violates reasonable expectation of privacy (Carpenter v. US; Kyllo v. US)
• Identity verification rules contravene informational privacy (Whalen v. Roe)
• Compelled disclosure invades privacy (McIntyre v. Ohio Elections Commission)
• Tracking blockchain transactions violates privacy (Carpenter v. US)
• Constitutional right to informational privacy (NASA v. Nelson)
Freedom of Association
• Cryptocurrency communities are expressive associations (Boy Scouts v. Dale; Roberts v. Jaycees)
• Identity verification rules violate association (NAACP v. Alabama)
• Surveillance deters association (Roberts v. Jaycees)
Limits on SEC Power
• SEC v. W.J. Howey Co - devised investment contract test
• SEC v. C.M. Joiner Leasing Corp - securities laws don’t apply to commodities
• Reves v. Ernst & Young - securities laws don’t apply to currency-like notes
• SEC v. SG Ltd - no securities where purchasers received website access
No Common Enterprise
• Gary Plastic Packaging Corp v. Merrill Lynch - no common enterprise with independent control
Compelled Speech Violations
• Wooley v. Maynard - prohibits compelled speech
• Riley v. National Federation of Blind - mandated speech scrutinized
Right to Informational Privacy
• NASA v. Nelson - constitutional right to information privacy
Administrative Law Violations
• Retroactive enforcement fails due process (Landgraf v. USI Film Products)
• Vague standards violate due process (Sessions v. Dimaya; US v. Davis)
• Lack of notice violates due process (Christopher v. SmithKline Beecham; FCC v. Fox Television Stations)
• Failed to provide notice and comment (Chamber of Commerce v. SEC)
• Arbitrary and capricious actions (Motor Vehicle Mfrs. Assn. of U.S., Inc. v. State Farm Mutual Automobile Ins. Co.)
Right to Financial Privacy
• Monitoring blockchain transactions violates privacy (Carpenter v. US)
• Identity verification rules violate financial privacy (Griswold v. Connecticut)
Self-Determination Rights
• Restricting cryptocurrency contravenes international law on self-determination (UN Charter, Art 1; ICCPR, Art 1)
Cryptocurrencies as Commodities/Currencies
• CFTC v. McDonnell - virtual currencies are commodities
• U.S. v. Faiella - Bitcoin is currency
Unconstitutional Vagueness
• Vague laws allow arbitrary enforcement (Johnson v. United States)
• Laws must provide fair notice (Connally v. General Construction Co.)
Regulatory Overreach
• Agencies cannot expand power without Congressional authorization (MCI v. AT&T)
• Crypto regulation should come from legislature (Cyan v. Beaver County Employees Retirement Fund)
Blockchains Similar to ISPs
• Running a blockchain is like being an ISP by providing data access (47 U.S. Code § 230)
• ISPs have immunity for third-party content (47 U.S. Code § 230)
• Blockchains have user-generated content like ISP sites (47 U.S. Code § 230)
• Blockchain users are publishers like ISP users (47 U.S. Code § 230)
• Blockchains deserve ISP protections as user-generated content networks (17 U.S. Code § 512)
You should also notice the defenses Coinbase is using. Failure to state a claim, No authority to regulate, Major questions doctrine, wallets aren't brokers, abuse of discretion, equitable estoppel, unclean hands, laches. You should also be notice the Torres ruling in XRPs favor and the that and judge Katherine Polk Failla's ruling in favor in Uniswap's favor. She is also the judge in the Coinbase case. https://t.co/8sxDuXVxpe
There's more defenses, not here, and this should be a great help to you fine legal folks out there. Blockchains are speech. You do math, you publish it. Someone else checks your math. Peer to peer. Securely removing middlemen for a decade and replacing trust with mathematical proof.
Many powerful quotes exist in these cases which would be quite useful for public commenting periods, and in defense of the citizens constitutional rights elsewhere.