* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Saturday, October 4, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    Books about the arts and some haunts for a Denton October – Denton Record-Chronicle

    Uncover Artistic Treasures and Spooky Adventures to Experience in Denton This October

    Taylor Swift Releases New Album The Life of a Showgirl : Listen and Read the Full Credits – Yahoo

    Taylor Swift Releases New Album The Life of a Showgirl : Listen and Read the Full Credits – Yahoo

    Toni Braxton Is Turning Her Biggest Hits Into Lifetime Movies – Yahoo

    Toni Braxton Is Turning Her Biggest Hits Into Lifetime Movies – Yahoo

    Major airline to offer new in-flight entertainment options for passengers – PennLive.com

    Major airline to offer new in-flight entertainment options for passengers – PennLive.com

    Penn State-Themed Restaurant and Entertainment Spot Happy Valley Live Set to Open in State College – StateCollege.com

    Penn State-Themed Restaurant and Entertainment Spot Happy Valley Live Set to Open in State College – StateCollege.com

    The Police Made Chart History With This 1979 Hit Nearly 50 Years Ago – Yahoo

    How The Police Changed Music Forever with Their Iconic 1979 Hit Nearly 50 Years Ago

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    MAC Brings iPad Technology to Football Sidelines Across All 13 Member Schools – Sports Video Group

    MAC Brings iPad Technology to Football Sidelines Across All 13 Member Schools – Sports Video Group

    Technology Is Becoming More Important Than Humans In CX – No Jitter

    Technology Is Becoming More Important Than Humans In CX – No Jitter

    A Tech Expo Shows What China Can Make, but Not Who’ll Buy It All – The New York Times

    Inside China’s Tech Expo: Cutting-Edge Innovations Face Uncertain Demand

    Steampunk Metal Oval Technology Sense Sunglasses Personality Handmade Chain Multicolor Sunglasses UV400 – The San Joaquin Valley Sun

    Steampunk Metal Oval Sunglasses with Handmade Multicolor Chain – Bold UV400 Protection and Unique Style

    STELLA Automotive AI Appoints Fred Seidelman as Chief Technology Officer – Yahoo Finance

    STELLA Automotive AI Appoints Fred Seidelman as New Chief Technology Officer

    Saving Energy and Money with Smart Technology – Terms of Service with Clare Duffy – Podcast on CNN Podcasts – CNN

    Saving Energy and Money with Smart Technology – Terms of Service with Clare Duffy – Podcast on CNN Podcasts – CNN

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    Books about the arts and some haunts for a Denton October – Denton Record-Chronicle

    Uncover Artistic Treasures and Spooky Adventures to Experience in Denton This October

    Taylor Swift Releases New Album The Life of a Showgirl : Listen and Read the Full Credits – Yahoo

    Taylor Swift Releases New Album The Life of a Showgirl : Listen and Read the Full Credits – Yahoo

    Toni Braxton Is Turning Her Biggest Hits Into Lifetime Movies – Yahoo

    Toni Braxton Is Turning Her Biggest Hits Into Lifetime Movies – Yahoo

    Major airline to offer new in-flight entertainment options for passengers – PennLive.com

    Major airline to offer new in-flight entertainment options for passengers – PennLive.com

    Penn State-Themed Restaurant and Entertainment Spot Happy Valley Live Set to Open in State College – StateCollege.com

    Penn State-Themed Restaurant and Entertainment Spot Happy Valley Live Set to Open in State College – StateCollege.com

    The Police Made Chart History With This 1979 Hit Nearly 50 Years Ago – Yahoo

    How The Police Changed Music Forever with Their Iconic 1979 Hit Nearly 50 Years Ago

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    MAC Brings iPad Technology to Football Sidelines Across All 13 Member Schools – Sports Video Group

    MAC Brings iPad Technology to Football Sidelines Across All 13 Member Schools – Sports Video Group

    Technology Is Becoming More Important Than Humans In CX – No Jitter

    Technology Is Becoming More Important Than Humans In CX – No Jitter

    A Tech Expo Shows What China Can Make, but Not Who’ll Buy It All – The New York Times

    Inside China’s Tech Expo: Cutting-Edge Innovations Face Uncertain Demand

    Steampunk Metal Oval Technology Sense Sunglasses Personality Handmade Chain Multicolor Sunglasses UV400 – The San Joaquin Valley Sun

    Steampunk Metal Oval Sunglasses with Handmade Multicolor Chain – Bold UV400 Protection and Unique Style

    STELLA Automotive AI Appoints Fred Seidelman as Chief Technology Officer – Yahoo Finance

    STELLA Automotive AI Appoints Fred Seidelman as New Chief Technology Officer

    Saving Energy and Money with Smart Technology – Terms of Service with Clare Duffy – Podcast on CNN Podcasts – CNN

    Saving Energy and Money with Smart Technology – Terms of Service with Clare Duffy – Podcast on CNN Podcasts – CNN

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Business

Coincenter: Is the Bank Secrecy Act an Unconstitutional Delegation of Power?

November 16, 2023
in Business
Coincenter: Is the Bank Secrecy Act an Unconstitutional Delegation of Power?
Share on FacebookShare on Twitter

The Bank Secrecy Act (BSA), enacted in 1970, authorizes the Treasury Department to monitor financial transactions in order to combat money laundering, tax evasion, and other financial crimes. However, serious questions have been raised about whether aspects of the BSA are unconstitutional.

Keypoints

A recent Coin Center report argues the Bank Secrecy Act is unconstitutionally broad, ambiguous, or an improper delegation of legislative power.
The BSA’s sweeping definition of “financial institution” criminalizes everyday financial activities, raising constitutional questions around due process and fair notice.
The BSA’s reliance on regulatory exemptions to narrow its scope violates separation of powers by delegating unlimited authority to Treasury, potentially violating the nondelegation doctrine.
The Coin Center report worries the BSA’s broad surveillance powers could be abused against cryptocurrencies, despite Treasury exercising its authority judiciously so far.
Citing recent Supreme Court rulings limiting agency power, the report suggests the Court may find the BSA unconstitutional if challenged.
The Coin Center report argues Congress should clarify definitions and obligations in the BSA rather than delegating these decisions entirely to the Treasury Department.
The report contends the BSA’s lack of precise statutory language and overreliance on executive agencies to define the scope violates constitutional principles around due process, separation of powers, and the nondelegation doctrine.

A recent report by Coincenter argues the BSA is unconstitutionally broad, ambiguous, or an improper delegation of legislative authority. The BSA’s definition of “financial institution” could potentially apply to anyone transmitting money as a business, like paying employees or freelancers.

This sweeping scope has been narrowed through regulatory exemptions, but raises concerns about giving unelected officials total discretion over who must comply with surveillance.

It’s time to have the conversation: Is the Bank Secrecy Act unconstitutional?
Beyond the speech and privacy issues, the BSA is a sweeping delegation of law making power. Today we’re publishing a new report explaining in detail why that’s a problem.

????Full report is linked in the…

— Peter Van Valkenburgh (@valkenburgh) November 15, 2023

The report suggests this virtually unlimited authority delegated from Congress to the Treasury Department violates the nondelegation doctrine, which says Congress cannot hand its legislative powers to the executive branch. The BSA’s broad language criminalizing everyday financial activities also raises questions around due process and fair notice of illegal conduct.

While Treasury has exercised its powers judiciously so far, the report worries these broad surveillance powers could be abused against new technologies like cryptocurrency. This highlights deeper issues around the BSA’s lack of precise statutory language and overreliance on executive agencies defining the scope of obligation.

Given recent Supreme Court interest in limiting agency authority and requiring explicit Congressional mandates, a constitutional challenge to the BSA may find a receptive audience. The Court could rule that Congress must clarify definitions and compliance obligations in the law, rather than delegating these decisions wholesale to the Treasury Department.

Ultimately, elected representatives may need to amend the BSA to ensure it passes constitutional muster. Drawing a more precise boundary between legal and illegal financial activity would bolster rule of law and preserve proper separation of powers between the legislative and executive branches.

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : Blockonomi – https://blockonomi.com/coincenter-is-the-bank-secrecy-act-an-unconstitutional-delegation-of-power/

Tags: businessCoincenterSecrecy
Previous Post

Can Litecoin (LTC) and Monero (XMR) Impress Investors With Surge Before End of Year?

Next Post

Blockchain.com Closes $110M Funding as Investors Show Renewed Interest in Cryptocurrency

‘This is unprecedented:’ Ecology restricts surface water use in the Yakima River Basin – Yakima Herald-Republic

Unprecedented Move: Ecology Imposes New Restrictions on Yakima River Basin Surface Water Use

October 4, 2025
Roane State, TCAT Knoxville mark milestone at new health science campus – Oakridger

Roane State and TCAT Knoxville Celebrate Major Milestone at New Health Science Campus

October 4, 2025
Science Hill blanks Morristown East – Johnson City Press

Science Hill Cruises to a Commanding Shutout Over Morristown East

October 4, 2025
Favorite Halloween candies in Missouri, Oklahoma, Kansas, Arkansas – Yahoo

Discover the Most Beloved Halloween Candies in Missouri, Oklahoma, Kansas, and Arkansas!

October 4, 2025
MAC Brings iPad Technology to Football Sidelines Across All 13 Member Schools – Sports Video Group

MAC Brings iPad Technology to Football Sidelines Across All 13 Member Schools – Sports Video Group

October 4, 2025
Dodgers’ Roki Sasaki opens up about pitching in relief – Yahoo Sports

Dodgers’ Roki Sasaki opens up about pitching in relief – Yahoo Sports

October 4, 2025
Ageing and health – World Health Organization (WHO)

Ageing and health – World Health Organization (WHO)

October 3, 2025
CFOs confident in their own companies but not in the economy – CFO.com

CFOs Reveal Unshakable Confidence in Their Companies Amid Economic Uncertainty

October 3, 2025
Books about the arts and some haunts for a Denton October – Denton Record-Chronicle

Uncover Artistic Treasures and Spooky Adventures to Experience in Denton This October

October 3, 2025
WFSD Announces Northwell Mental Health Partnership – William Floyd School District

WFSD Announces Northwell Mental Health Partnership – William Floyd School District

October 3, 2025

Categories

Archives

October 2025
M T W T F S S
 12345
6789101112
13141516171819
20212223242526
2728293031  
« Sep    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (850)
  • Economy (870)
  • Entertainment (21,744)
  • General (17,397)
  • Health (9,913)
  • Lifestyle (883)
  • News (22,149)
  • People (872)
  • Politics (881)
  • Science (16,081)
  • Sports (21,371)
  • Technology (15,853)
  • World (853)

Recent News

‘This is unprecedented:’ Ecology restricts surface water use in the Yakima River Basin – Yakima Herald-Republic

Unprecedented Move: Ecology Imposes New Restrictions on Yakima River Basin Surface Water Use

October 4, 2025
Roane State, TCAT Knoxville mark milestone at new health science campus – Oakridger

Roane State and TCAT Knoxville Celebrate Major Milestone at New Health Science Campus

October 4, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version