Section 215: The NSA Wants “Any Tangible Things”
The government demands the turning over of your bitcoins. You’ve held them on an online exchange, so your stash is vulnerable. And, under the Patriot Act, the government maintains this authority.
The government doesn’t need probable cause nor reasonable grounds to believe you are a criminal.
Instead, they’re depending on Section 215 of the Patriot Act, a provision that makes it legal for the government to mandate the turnover of “any tangible things” from any entity as long as the items are for an investigation to defend against international terrorism.
To exercise Section 215, the FBI and NSA would not need probable cause, nor even reasonable grounds, to believe that the person whose records are sought is engaged in illicit activity. The government agency exercising 215 does not need to suspect that the subject is a foreign power or agent thereof.
Further, the FBI can investigate United States persons based in part on their exercise of First Amendment rights. That means, the government could spy on a person because they don’t like the books he or she reads or because they don’t like the web sites he or she visited.
Section 215 violates the Fourth Amendment, which states “The right of the people to be secure in their persons, houses, papers, and effects, against unreasonable searches and seizures, shall not be violated, and no Warrants shall issue, but upon probable cause, supported by Oath or affirmation, and particularly describing the place to be searched, and the persons or things to be seized.”
But, none of this matters. Once your bitcoins have been confiscated as “tangible things” can be, the only thing that will matter is that you weren’t diversified.
That’s why at GoldSilverBitcoin, we strive to put into the hands of bitcoiners the precious metals they need to have a diversified financial portfolio.