We've had to work through a lot of difficult issues in the debate over market structure in Congress (token classification, yield, shared agency authority). But we are now getting to the heart of the matter in the Senate: Whether Americans will be allowed to build and use permissionless private infrastructure in the US free from unwarranted prosecution (protected by the BRCA provisions in Clarity) or whether "national security interests" and "ease of prosecution" will trump those rights and protections. Another way to put this: Do you want the underlying pipes for all financial transactions to look like they have for decades: wholly owned and controlled by large banking interests and freely surveilled without warrants or reasonable suspeicion by corporations and the government? Or do you think that money and assets should travel safely and privately on free and open infrastructure that's built and maintained by the people for the people? Watch carefully who comes out on which side. Do you want some Republican to instantly know that you paid for an abortion? Do you want some Democrat to instantly know you bought a gun? Do you want either to be able to freely and arbitrarily cut you off from the global economic rails without trial or oversight? Or do you still believe in American values: privacy, liberty, and the rule of law?
