So what happens if you are designated a national security threat? What can they access of yours to confirm it? Everything.
Notice the preemptive attack on quantum encryption in there, too.
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Discussion
It also allows the Director of National Intelligence and Secretary of Commerce the authority to universally designate new “Foreign Adversaries” without notifying congress and a 15 day window to notify the president. It also requires a joint resolution of Congress to overturn.
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If you recall from before, “Foreign Individuals” can now also be US citizens that are deemed a national security threat. Once designated, the bill grants authority to enforce any action deemed necessary to mitigate the threat, with no due process and few limits on punishments.
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After the federal government has detained you without due process to mitigate the “immediate threat” you pose, what kind of punishments await you in court? $1,000,000 fine, 20 years in prison and forfeiture of everything you own.
If you become an enemy of the state for owning Bitcoin, you may have to find another state.