@fund-defi
The Bank Secrecy Act (BSA) is a failure in traditional finance, yet recent legal theories being pushed by the DOJ are seemingly extending BSA’s burdensome framework to DeFi—ultimately, putting American innovation, privacy, and decentralization at risk.
In a new article by DEF’s Gavin Zavatone & Henry Michaelson, we continue our exploration of the BSA. This latest paper focuses on why the BSA is ineffective and would cause existential harm to the DeFi industry.
https://www.defieducationfund.org/post/examining-the-burdens-costs-and-failures-of-the-bank-secrecy-act-bsa-and-the-potentially-disast
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