We are talking about bipartisanship. The bill is called the Restriction of the Occurrence of Security Threats that Endanger Information and Communication Technologies (RESTRICT) Act. In addition to targeting companies such as Kaspersky, Huawei, and Tiktok, opponents of the bill believe one of its provisions will punish ordinary Americans for using virtual private networks (VPNs). But a spokesman for Democratic Senator Mark Warner argued the law was “directly aimed at businesses” and “not aimed at individual users.”
Concerns about the potential impact of the RESTRICT Act on the use of virtual currencies and VPNs
More than a dozen bipartisan politicians and The -sponsored RESTRICT Act, initiated by Senator Mark Warner (D-VA),, has been at the center of controversy. The bill targeting Tiktok has received a lot of attention,and several reportssay the law could be used to ban the app in the United States. The law will allow the US President and Secretary of Commerce to regulate technology related to countries such as Russia, China, Venezuela, North Korea, Cuba, and Iran. Tech advocates and cryptocurrency advocates are concerned about the bill,discussingits implications on forums and on social media.
Because of Warner’s one particular provision in his RESTRICT Act, many believe that Americans could be imprisoned for using virtual private networks (VPNs).I believe. Bill states that there are severe penalties, including 20 years’ imprisonment, for using “telecommunications technology products and services” in applications associated with a “foreign adversary” or in his web portal. I’m here. Some say the RESTRICT Act bans Tiktok and that he could target Americans using VPNs on websites tied to foreign adversaries, this bill could be used to ban Bitcoin. Venture capitalist and angel investor Balaji Srinivasan said::
The RESTRICT Act is America’s Great Firewall. Be China in the name of defeating China.
Former politician and government commentator Ron Paul said in a recent broadcast that “The Restrictive Act is the Patriot Act on Steroids.” Another former member of Congress, Justin Amash, emphasized on Twitter: It’s about controlling you. It gives the executive branch broad powers, few checks, and will be abused in every imaginable way. Coin Center, a non-profit organization focused on the policy issues facing cryptocurrencies, also published ablog poston the subject, highlighting the potential for use against cryptocurrency users. pointed out that there is
“The RESTRICT Act creates a blanket power with few checks to ban anything related to ‘foreign enemies,'” Coin Center explained in an editorial. increase. “Excessive attempts to ban cryptocurrencies using these new powers could be challenged in court, but the law has worriedly narrowed the avenues for review.” Coin Center concludes, “While the primary purpose of this act is to address national security concerns, the potential impact on the cryptocurrency space cannot be ignored.”
Despite disagreements over whether the RESTRICT Act covers individual users
Despite complaints, the report published by the Daily Dot stated: claims to Use TikTok despite fear on the internet after TikTok was banned. The report’s author, David Covucci, calls the warnings on social media and forums “senseless rumors.” Covucci said the use of the terms “virtual private network” or VPN was not mentioned in the bill, and the reporter also obtained a statement from Senator Warner’s office.
“Under the terms of the bill, someone would engage in the ‘sabotage or subversion’ of American telecommunications technology products and services, causing ‘catastrophic effects’ on critical U.S. infrastructure. , as a result of the federal election, will be entitled to criminal penalties of any kind,” a Warner spokesperson told Kovucci. It is aimed squarely at companies such as Kaspersky, Huawei and Tiktok that pose systemic risks to security,” the politician’s spokesperson concluded.
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