Relevant: https://www.reddit.com/r/Bitcoin/comments/6hbis7/us_congress...
TLDR; There's currently a bill to make cryptocurrencies illegal. (and other stuff that the government can't control)
TLDR; There's currently a bill to make cryptocurrencies illegal. (and other stuff that the government can't control)
It looks like they're going to treat cryptocurrencies like cash. Somehow, it looks like they think they are going to be able to detect it at the border. I have no idea how they think they are going to do that. If you want to get around it, just don't leave evidence of it on your devices when you cross the border. Dropbox exists.
Other than that, they've already made it so that it is illegal to do certain transactions, over $10,000, without notifying the government. My understanding is that exchanges already follow this rule, but I bet there are some .onion sites that beg to differ, just a hunch.
But, it doesn't look like they are making them illegal. It almost looks like they are recognizing it as legitimate. If you read the proposal, treat it like a find/replace. It is modifying existing laws.
If anyone knows more about this and wants to explain why I'm misunderstanding this I'd be thankful :-)
I first saw it on Reddit, I presume that isn't its starting point though.