Friday, August 22, 2025

Letters of Marque

 US bill proposes 21st-century privateers to take on cybercrime

US bill proposes 21st-century privateers to take on cybercrime
The proposed bill included a list of targetable offenses, including the theft of cryptocurrencies, ransomware attacks, and pig butchering scams.
https://www.coingecko.com/en/news

A common practice among Europeans from the late Middle Ages to the 19th century, cruising for enemy prizes with a letter of marque was considered an honorable calling that combined patriotism and profit. Such legally authorized privateering contrasted with unlicensed captures of random ships, known as piracy, which was universally condemned

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