This RESTRICT ACT (ie: the ban Tiktok bill) is so beyond UN American & massively unconstitutional

It’s not limited to just TikTok. It gives the government authority over all forms of communication domestic or abroad & grants powers to “enforce any mitigation measure to address any risk” to national security now and in any “potential future transaction”

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I'd like to thank them for sending Nostr adoption into overdrive.

It’s more than that

It can be interpreted anyway and even be considered a ban of bitcoin

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.

4 screenshots:

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.

2 screenshots:

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.

4 Screenshots:

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.

When I read that kind of shit I am sure glad I do not live in the US

Sounds like the American version of Canada’s recent C-11. Oh, they’re laying the groundwork thoroughly.

It’s beyond crazy

How is this getting passed like this

What would stop them from extending the ban to the Bitcoin network?