Senator Schumer Wants to Crack on the Dark Net - Again
Three years ago, New York Senator Chuck Schumer held a press conference to pressure federal law enforcement to crack down on Silk Road, the anonymous online drug market that had only just come to light. The crack down took eventually place in October 2013, and it's evident that it didn't do much good. Only a month after the Silk Road 1.0 bust, a new Silk Road 2.0 launched to replace the original site. Now there are around 30 copycat marketplaces, including Hydra, Pandora, Outlaw Market, Agora, 1776 Market Place, and Evolution, and most of them are doing a decent trade. Agora, now offers....
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US Senator Charles Schumer (D-NY) has called for a crackdown on the dark web following reports that illicit marketplaces are thriving even after the government shutdown of Silk Road. In an open letter addressed to Attorney General Eric Holder and published by Schumer's office on 27th October, the senator pledged to both secure additional funding for anti-dark web activities and continue pressing for increased oversight of technologies that facilitate such activities. The letter cited the Tor network and bitcoin as mechanisms used by criminals to help conceal the global drug trade. In a....
President-elect Donald J. Trump’s Sunday Twitter tirade, which called out SNL and the cast of Hamilton, created lots of online blog assignments on that Day of the Lord. One, in particular, might be of concern to Bitcoiners. Mr. Trump is referring to Senator Charles Schumer, who has long been an advocate for law enforcement actions against darknet marketplaces; most famously, perhaps, calling on the closure of Silk Road and inextricably linking it to Bitcoin. After authorities apprehended Ross Ulbricht, ultimately trying him and sentencing him to life in prison, the Senator had to call on....
The same man that was seemingly outspoken against Bitcoin back in 2009 is perhaps chaning his mind on just how useful Bitcoin is. His statement in 2011: It's an online form of money laundering used to disguise the source of money, and to disguise who's both selling and buying the drug. Now, the Senator has seemingly changed his stance, posting today on Twitter that "Bitcoin has significant potential." Is the senator looking for Bitcoin donations, now that the FEC says it's permitted?
On November 4, Mark Wetjen wrote an oped in the Wall Street Journal asking regulators to steer clear of harming Bitcoin. Wetjen is a commissioner on the Commodity Futures Trading Commission (CFTC) and a Democrat. As reportedinThe Hill, he said the goal should be to "lay the groundwork for future innovation" and to "build confidence in consumers currently leery of embracing the new technology." Events such as Mt. Gox, Silk Road, and today's seizure of Silk Road 2, along with the shutdown of other dark markets, “shake the public’s confidence in Bitcoin.” Other regulators have spoken about....
U.S. Senator Cynthia Lummis in an interview said she was all in on Bitcoin. The interview took place during the Bitcoin Conference earlier in the year in Miami. Senator Lummis is the first woman to be elected as a Wyoming senator. Keeping in line with this stride, the senator believe Bitcoin is a great way […]