US Bill S. 686: The Restrict Act – 20 Years In Prison For VPN Use?
To authorize the Secretary of Commerce to review and prohibit certain transactions between persons in the United States and foreign adversaries, and for other purposes.
This bill never mentions TikTok by name, but it is intentionally broad enough to allow the Commerce department to outlaw all cryptocurrency transactions. Any attempt to connect to a anything that threatens the US economy, like blockchain, would be criminalized. Punishment is 20 years in jail and $250,000 fine.
HOLDING.—The term “holding”—
(i) an equity interest;
(ii) a stock;
(iii) a security;
(iv) a share;
(v) a partnership interest;
(vi) an interest in a limited liability company;
(vii) a membership interest; or