The RESTRICT Act is an Eminent…

The RESTRICT Act is an Eminent threat to Bitcoin and Nostr! It is the worst infringement on American citizens individual liberty in our nation's history! The RESTRICT Act is not limited to just TikTok.

It gives the government authority over all forms of communication domestic or abroad and grants powers to “enforce any mitigation measure to address any risk” to national security now and in any “potential future transaction”

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.

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.

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.

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.

This act also grants unlimited hiring power to positions of enforcement, unlimited funds with little or no review and immunity to FOIA.