The RESTRICT Act, a bipartisan invoice launched earlier this month within the US Senate, may very well be utilized broadly and unexpectedly, together with to threaten crypto, if it turns into legislation, Coin Heart suppose tank warned in his weblog.

The invoice, formally identified because the “Proscribing the Emergence of Safety Threats that Danger Data and Communications Know-how Act” and unofficially because the TikTok ban, was launched amid suspicions that the Chinese language-owned TikTok app is amassing consumer information on behalf of the Chinese language authorities.

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