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Privacy and money laundering go hand in hand. You can't have one without the other.

A horrible attempt. Tornado cash is used for privacy.

Cell phones are used in laundering. Let’s ban cell phones.

By criminalizing privacy.

You haven't had anything like financial privacy in the US in decades. The bank secrecy act was passed in 1970, FFS.

That applied to intermediaries. This applies to personal use of privacy tools, which is a significant escalation of the criminalization of privacy.