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It's worse than this unfortunately, this save our wallets thing is a trojan horse by hostile NGO's that are trying to protect the fully licensed neobanks
It's an attack on self-custodial software, not a friend, and the entire premise that we need government to change a law is a lie.
They want to add laws that the big law firms can use to crush us, standard competition suppression operation.
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Look who's signing that letter... only spooks and bootlickers.
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aka full obedient statists (mostly CIA agents)