U.S. Senate’s Latest Bill Raises Concern In Crypto Community

April 21, 2024 10:17 pm Comments

The U.S. Senate recently passed a troubling bill that re-authorized warrantless mass spying on the American public.

However, the act wasn’t simply re-authorized, it was overhauled and expanded in a major way.

The powers laid out in the FISA re-authorization bill essentially allow the U.S. government to compel anyone, big or small, to be a tool of mass surveillance.

These sweeping surveillance powers outlined in the FISA reauthorization bill, more specifically Section 702 of FISA, have many many in the crypto community concerned. According to Coin Paprika:

This has caused unease in the cryptocurrency community, which prioritizes privacy and decentralization, due to the extensive reach of these powers.

Critics, including Senator Ron Wyden, argue that Section 702 could be misused to gather unnecessary data on American citizens.

Do we really want corrupt DC lawmakers and bureaucrats like Gary Gensler to wield these expanded powers?

Current and former Liberty-minded U.S. lawmakers spoke out against the passage of the bill:

On Saturday, The Hill confirmed:

President Biden signed a bill Saturday extending the Foreign Intelligence Surveillance Act’s (FISA) warrantless surveillance program another two years.

Senators voted 60-34 to send the bill to Biden’s desk shortly after the midnight deadline.

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