"Proposal for Crypto Bill of Rights on 16-Year Anniversary of Bitcoin Network"

The U.S. Constitution was adopted 15 years after the Declaration of Independence, following a drafting process that took 5 years and 9 months. In celebration of the 16-year anniversary of the Bitcoin Network, a Crypto Bill of Rights has been created to expedite U.S. policy and regulation implementation. The bill focuses on dematerialization, financial stability, and consumer protection, with articles covering regulatory agencies, banking supervision, and the judicial branch. U.S. regulators must prioritize education to ensure equal opportunities for citizens and businesses to benefit from new jobs and opportunities while mitigating the risk of job loss due to digitization, and establish clear AML, KYC, and CFT requirements for crypto in line with international standards. Additionally, guidelines for anti-money laundering, know your customer, and counter-terrorism finance should be developed proportionately to prevent illicit activities, and transparent and fair tax reporting guidelines should be established without being punitive to consumers or markets.