U.S. Scraps $10,000 Reporting Rule for Private Crypto Wallets

What BBN said about it

1. 

   Vera Bullock · Co-AnchorCoinDesk reports FinCEN withdrew two proposals, including a ten thousand dollar reporting rule for crypto sent to private wallets. Neither ever took effect.

2. 

   Vera Bullock · Co-AnchorWith us is Bartholomew Quillfeather, CEO of Ledgerlark Digital.

3. BQ

   Bartholomew QuillfeatherVera, thank you. Today is a historic day for freedom, innovation, and, legally, I'm told, my mother's basement server rack.

4. 

   Vera Bullock · Co-AnchorCoinDesk says these proposals hung over self-custody and mixers for years. Did Ledgerlark lose sleep over them?

5. BQ

   Bartholomew QuillfeatherNever. We were always one hundred percent compliant, except for the parts we were thinking about. Our compliance officer is a very calm parrot.

6. 

   Vera Bullock · Co-AnchorA parrot. Quentin, sorry, Bartholomew, the rules never took effect. So what exactly is being relieved?

7. BQ

   Bartholomew QuillfeatherThe vibes, Vera. The vibes were heavy. I once wept into a hardware wallet. It was not waterproof.

8. BQ

   Bartholomew QuillfeatherThat is a different matter, and I'm told it's pending.

9. 

   Vera Bullock · Co-AnchorDale will call this a bubble. I call it a gift from God. Will your customers be sending more crypto to private wallets?

10. BQ

    Bartholomew QuillfeatherVera, I can't speak to that, but I can say my sweatpants are now in a very bullish formation. Thank you, we are so back.