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0 pointsdanans6mo ago0 comments

That already officially happened a few months ago. In addition to stopping all cryptocurrency fraud investigations, the administration stopped prosecuting white collar crimes under the FCPA:

https://www.connecticutcriminallawyer.com/blog/trump-adminis...

If you have access to people in positions of government influence, it's a good time to accept bribes from foreigners, especially via cryptocurrency. But if that is you then you probably already know that.

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hrimfaxi6mo ago

> If you have access to people in positions of government influence, it's a good time to accept bribes from foreigners,

FCPA addresses bribery of foreign governments...

danansOP6mo ago

Fair point, but either way we're not enforcing that law anymore.

hrimfaxi6mo ago

It's clear you're not that familiar with the law if you got a fundamental aspect about it incorrect, so why is this bad on its face? Ending enforcement of laws is not de facto bad.

In this case, FCPA hinders American companies from competing in foreign locales where greasing the local wheels is a requirement for getting things done. Like it or not, this is the world we live in but an argument could be made that dropping enforcement is pragmatic.

danansOP6mo ago

Then Congress should rescind the law. Otherwise laws don't mean anything.

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hrimfaxi6mo ago

> If you have access to people in positions of government influence, it's a good time to accept bribes from foreigners,

FCPA addresses bribery of foreign governments...

danansOP6mo ago

Fair point, but either way we're not enforcing that law anymore.

hrimfaxi6mo ago

It's clear you're not that familiar with the law if you got a fundamental aspect about it incorrect, so why is this bad on its face? Ending enforcement of laws is not de facto bad.

danansOP6mo ago

Then Congress should rescind the law. Otherwise laws don't mean anything.

1 more reply

j / k navigate · click thread line to collapse