This sentence is a lie.
The Executive Order has now been published:
https://www.whitehouse.gov/presidential-actions/2025/09/rest...
If you don't want to read the pre-amble, you can skip straight to the second "Accordingly" to see the details.
Also worth thinking about inflation with this one.
The $10,000 figure originated with the 1970 Bank Secrecy Act[1]. Back then, that was a lot of money.
If it had kept up with plain old vanilla government-reported inflation, the number would be closer to $83,000 today[2].
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[1] https://www.fincen.gov/resources/statutes-and-regulations/ba...
[2] https://www.dollartimes.com/inflation/inflation.php?amount=1...
It does, but almost all the major platforms/companies are members of NetChoice, a trade organization that fights this sort of thing. This presser from Bluesky doesn't mention it, but the case is "NetChoice vs Mississippi", so that's how involved they are to this.
Here's their write up on the Mississippi case: https://netchoice.org/netchoice-v-fitch-mississippi/
And obligatory Wikipedia: https://en.wikipedia.org/wiki/NetChoice
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