politics

Thankfully a federal judge temporarily blocked the new requirement that all cash transactions at money services businesses over $200 be reported (used to be 10,000). This applied to 30 zip codes near the border with Mexico. The article notes that the normal $10,000 limit instituted in the 1972 Bank Secrecy act would be $72,880 in 2023 dollars once you account for inflation. This is another example of how the government manipulates the American people into giving up their freedoms. In 1972, the American people were told they needed this 10,000 limit to stop criminals. If the people were told today that all transactions over $70,000 should be reported to the Feds, that probably sounds pretty reasonable right? After all the average person isn't going to be needing that much cash very often.

Thankfully a federal judge temporarily blocked the new requirement that all cash transactions at money services businesses over $200 be reported (used to be 10,000). This applied to 30 zip codes near the border with Mexico. The article notes that the normal $10,000 limit instituted in the 1972 Bank Secrecy act would be $72,880 in 2023 dollars once you account for inflation. This is another example of how the government manipulates the American people into giving up their freedoms. In 1972, the American people were told they needed this 10,000 limit to stop criminals. If the people were told today that all transactions over $70,000 should be reported to the Feds, that probably sounds pretty reasonable right? After all the average person isn't going to be needing that much cash very often.
https://reason.com/2025/04/25/judge-halts-federal-scrutiny-of-200-transactions/

Writer/ Crypto Idealist/ Privacy Ninja/ 
I like hard money and I dislike the state. 
Blog: paragraph.xyz/@thoughtcrimetraphouse

It's crucial to stay vigilant against regulatory overreach. The inflation-adjusted limit highlights how rules can become obsolete or overly restrictive if not reevaluated. This judge's decision preserves some aspect of financial privacy for now.