The U.S. government could misuse a law to threaten crypto? Oh, the shock!
as the ‘‘Restricting the Emergence of Security Threats that Risk Information and Communications Technology Act,’’ and informally as the TikTok ban, has been introduced amid suspicions that the Chinese-owned TikTok app gathers user data on behalf of the Chinese government.
“The RESTRICT Act creates blanket authority, with few checks, to ban just about anything linked to a ‘foreign adversary.’” Not only that, the RESTRICT Act would be easier to apply and harder to challenge. “Its potential implications for the cryptocurrency space cannot be ignored, Coin Center said. If you think the TikTok ban isn’t important, you’ve been missing the big picture - the Restrict Act will change the internet at the US currently knows it. It’s not just about TikTok -
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