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Op-ed Placement

FinCen's Power Grab Creates New Problems for Cryptocurrencies

Amidst the regulatory blitz of President Biden’s first few weeks, the Financial Crimes Enforcement Network (FinCEN) quietly took further steps to regulate cryptocurrencies. While the White House was busy freezing all other pending rules, FinCEN was moving forward with the extension of a new rule that would require banks and money services businesses (MSB’s) to record and disclose the identities of individuals involved in crypto transactions. Although the proposed rule only targets transactions over $10,000, it nevertheless represents an existential threat to cryptocurrencies as we know them, and has prompted outrage from the crypto community.

02/24/2021
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Blog

FreedomWorks' Member of the Month for February 2021: Rep. Ron Wright (R-Texas)

This month, FreedomWorks is proud to honor the memory of Rep. Ron Wright (R-Texas) by naming him our member of the month for February 2021. Rep. Wright served the people of Texas 6th Congressional District, which encompasses Ellis and Navarro Counties, as well as parts of Tarrant County just south of Fort Worth. Rep. Wright, who passed away due to complications from lung cancer and COVID-19 earlier this month, had just begun his second term in the House of Representatives.

02/18/2021
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FreedomWorks’ Bill of the Month for February 2021: Protecting our Wealth of Energy Resources (POWER) Act, S. 76

FreedomWorks is proud to announce that our bill of the month for February 2021 is the Protecting our Wealth of Energy Resources (POWER) Act, S. 76, introduced by Sen. Cynthia Lummis (R- Wyo.). The POWER Act would prohibit the President from unilaterally issuing new energy or mineral moratoria on federal lands and waters. This legislation is a direct response to President Biden’s Executive Order directing the Department of Interior to halt “new oil and natural gas leases on public lands or in offshore waters.”

02/18/2021
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FreedomWorks Foundation Submits Comments on Cryptocurrency Disclosure

Today, FreedomWorks Foundation submitted a formal comment opposing a proposed rule by the Financial Crimes Enforcement Network (FinCEN) regarding cryptocurrency. The proposed rule would require banks and other organizations to identify, and keep records of, all individuals who use either hosted or unhosted cryptocurrency wallets. As we pointed out in our comment excerpted below, although FinCEN has corrected their procedural errors from the first version of this Notice of Proposed Rulemaking (NPRM), the contents of this notice present an existential threat to cryptocurrencies as a whole. Not only would this proposal amount to centralizing a decentralized currency, but it would create massive security and surveillance risks that would be otherwise impossible.

02/10/2021
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Regulatory Action Center Review - February 5, 2021

Welcome to the Regulatory Action Center (RAC) Review! RAC proudly keeps you up to date on what we’re up to, and what we’re keeping our eyes on here in the swamp. We offer resources for you to get involved in the rulemaking process to hold unelected bureaucrats accountable and occasionally offer praise in the event they have a good impulse. We will also highlight the incredible work our activists have done to advance the principles of smaller government, lower taxes, free markets, personal liberty, and the rule of law. For more ways to get involved and stay informed, check the links at the bottom of this post.

02/05/2021
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FreedomWorks' Member of the Month for January 2021: Rep. Nancy Mace (R-S.C.)

FreedomWorks is proud to honor Rep. Nancy Mace (R-S.C.) as our member of the month for January 2021. Representing South Carolina’s 1st congressional district, which encompasses the southeastern shoreline of the state, Rep. Mace has proved herself as a principled champion for individual liberty and the rule of law. We look forward to seeing how she will bring these principles to the halls of Congress.

01/27/2021
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Keystone XL is Just the Beginning

On Inauguration Day, President Joe Biden wasted no time in advancing his regulatory agenda by signing a series of 17 Executive Orders. Amidst this deluge, the Biden administration revoked a crucial construction permit for the Keystone XL pipeline, leaving the $8 billion project dead in the water. In doing so, President Biden sent a very clear signal that his administration’s climate agenda aims to target the oil and gas industry like never before.

01/22/2021
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Regulatory Action Center Review - January 22, 2021

Welcome to FreedomWorks Foundation's Regulatory Action Center (RAC) Review! RAC proudly keeps you up to date on what we’re up to and what we’re keeping our eyes on here in the swamp. We offer resources for you to get involved in the rulemaking process to hold unelected bureaucrats accountable and occasionally offer praise in the event they have a good impulse. We will also highlight the incredible work our activists have done to advance the principles of smaller government, lower taxes, free markets, personal liberty, and the rule of law. For more ways to get involved and stay informed, check the links at the bottom of this post.

01/22/2021
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Regulatory Action Center Review - January 8, 2021

Welcome to the first Regulatory Action Center (RAC) Review of the new year! RAC proudly keeps you up to date on what we’re up to and what we’re keeping our eyes on here in the swamp. We offer resources for you to get involved in the rulemaking process to hold unelected bureaucrats accountable and occasionally offer praise in the event they have a good impulse. We will also highlight the incredible work our activists have done to advance the principles of smaller government, lower taxes, free markets, personal liberty, and the rule of law. For more ways to get involved and stay informed, check the links at the bottom of this post.

01/08/2021
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FreedomWorks Foundation Submits Comments on Cryptocurrency Regulation

Today, FreedomWorks Foundation submitted a formal comment opposing a proposed rule by the Financial Crimes Enforcement Network (FinCEN) regarding cryptocurrency. The proposed rule would require banks and other organizations to identify, and keep records of, all individuals who use either hosted or unhosted cryptocurrency wallets.

01/04/2021

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