The video explores a FinCEN hearing that discusses how Treasury is banning private Bitcoin transactions via the Patriot Act. FinCEN has been using authorities under the patriot act to target specific groups and prevent privacy for the transactions which enables freedom of expression and that causes concern. Naval Ravikant stating the money and speech are the same thing, for the government there are now people moving Bitcoin to cold storage and are reluctant of the central exchanges.The sharks have already added coins lifting their total to 3.65million, there has been an action in market of the shorters are being taken over by conviction driven buyers. If Treasury deems Netherlands, Dutch crypto or non-custodial wallets are money laundering concerns, the it may solidify the use of 311to ban those specific cryptocurrency transactions.