Analysis Today TheBitTimes.com

The Wasabi Wallet provider, zkSNACKs, announced it now prohibits U.S. citizens and residents from using its services. This decision came to light on April 27 amid a United States regulatory and enforcement crackdown on Bitcoin (BTC) wallets. Notably, Wasabi Wallet is one of the most popular Bitcoin wallets focused on privacy solutions. As announced, zkSNACKs has started “blocking U.S. citizens and residents from visiting its websites, downloading and using Wasabi Wallet, and any related products and service s, including APIs and RPC interfaces.” Picks for you ‘Final warning’ as Bitcoin faces imminent devastating capitulation 9 mins ago Has Bitcoin topped out? Peter Brandt signals potential end of bull run 34 mins ago Opportunity? Silver to face historical deficit as industrial demand grows 2 hours ago Buy signal for Ethereum as gas fees drop to 6-month low 2 hours ago The prohibition extends to anyone with a United States passport o...

The US legal system — a labyrinthine set of definitions that usually requires the best-paid and smartest lawyers to defend against any claim — is being tested by one of the founders of Three Arrows Capital (3AC): Kyle Davies. Davies is suggesting that due to his supposed renunciation of his US citizenship, he can no longer be tried under US laws. It’s a bold — and, historically, unsuccessful strategy — but maybe this time it’ll pan out. The sov cit movement and citizenship renunciation While Davies’ arguments may seem novel, sovereign citizen proclamations are nothing new to the United States or to the cryptocurrency industry. Indeed, many US citizens have attempted to outrun the long arm of the law either by stating that they don’t fall under the jurisdiction of US courts or by renouncing their citizenship altogether. Unfortunately for them, it almost never ends well. Davies states that he’s “not subjecting [himself] to, or accepting the jurisdi...