[JumpCrisscross]

> in order for sanctions to work, crypto needs to be banned

Not necessarily. Just use the secondary sanctions mechanism, same ones that make selling Russian gold problematic. Crypto, unlike gold, also permits one to publicly flag tainted wallets.

[credit_guy]

> Crypto, unlike gold, also permits one to publicly flag tainted wallets.

That's why I said I believe the Fed is working out the parameters of the ban. I don't think it will be an outright total ban, but some type of selective interdiction.

[JumpCrisscross]

> why I said I believe the Fed is working out the parameters of the ban

Sanctions aren’t the Fed’s business.

If this were being worked on, and there is zero evidence it is, for all we get enamoured by crypto it’s too insignificant to merit serious attention at this level, it would be at Treasury and Commerce.