Crypto insiders are wary that an anti-encryption bill that is flying under the radar may have a negative impact on Bitcoin and crypto.
Last week, US Representatives Sylvia Garcia and Ann Wagner introduced the House version of the bipartisan Eliminating Abusive and Rampant Neglect of Interactive Technologies (EARN IT) Act whose Senate counterpart of the same name has already been passed by the Senate Judiciary Committee.
The EARN IT Act seeks to strengthen government authority to combat the sexual exploitation of children online. In doing so, the bill would form a commission to determine the best practices regarding online child exploitation prevention and amend the Communications Decency Act (CDA).
The House and Senate’s proposed amendments to Section 230 of the CDA would seriously alter liability standards for service providers such as content platforms who are currently not considered responsible for content published by their users as long as providers also meet the standards