The RESTRICT Act Isn’t About Banning TikTok, It's About Expanding Government Powers

The Breakdown

Blockworks

Investing, Business

4.8 • 786 Ratings

🗓️ 31 March 2023

⏱️ 18 minutes

🔗️ Recording | iTunes | RSS

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Summary

The movement to ban TikTok in the U.S. is growing. The recently introduced RESTRICT Act in the U.S. Congress is nominally about that, but some are concerned it would significantly expand government powers over the internet. Enjoying this content? SUBSCRIBE to the Podcast Apple: https://podcasts.apple.com/podcast/id1438693620?at=1000lSDb Spotify: https://open.spotify.com/show/538vuul1PuorUDwgkC8JWF?si=ddSvD-HST2e_E7wgxcjtfQ Google: https://podcasts.google.com/feed/aHR0cHM6Ly9ubHdjcnlwdG8ubGlic3luLmNvbS9yc3M= Join the discussion: https://discord.gg/VrKRrfKCz8 Follow on Twitter: NLW: https://twitter.com/nlw Breakdown: https://twitter.com/BreakdownNLW “The Breakdown” is written, produced and narrated by Nathaniel Whittemore aka NLW, with editing by Michele Musso and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsor today is “Foothill Blvd” by Sam Barsh. Image credit: Chip Somodevilla/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

Transcript

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0:00.0	In the wake of one of the most tumultuous years in crypto history, the conversations happening
0:05.3	at Consensus 2023 have never been more timely and important. This April, CoinDest is bringing
0:10.5	together all sides of the crypto, blockchain, and Web3 community to find solutions to crypto's
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0:20.3	investors, founders, brands, policymakers, and more in Austin, Texas, April 26th to 28th for Consensus 2023.
0:27.1	Listeners of the breakdown can take 15% off registration with code breakdown.
0:31.6	Register now at consensus.coindus.com and join CoinDesk at Consensus 2023.
0:47.3	Welcome back to The Breakdown with me, NLW.
0:53.2	It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world.
0:54.1	The breakdown is produced and distributed by CoinDesk.
0:59.0	What's going on, guys? It is Thursday, March 30th, and today we are talking about why the
1:04.1	Restrict Act is Patriot Act 2.0. Before we dive into that, if you were enjoying the breakdown,
1:09.4	please go subscribe to it, give it a
1:10.9	rating, give it a review, or if you want to dive deeper into the conversation about extremely
1:15.6	important issues like the one we are covering on today's show, come join us on the Breakers
1:20.5	Discord. You can find a link in the show notes or go to bit.ly slash breakdown pod.
1:25.3	All right, guys, well, this is a show that I have been wanting to do all week.
1:29.1	Today, we are talking about a government proposed bill that potentially represents a huge
1:32.9	affront to personal liberty in the U.S. and which is very popular on both sides of the
1:37.7	political aisle. I'm speaking, of course, about the Restrict Act, which while nominally being a way
1:42.6	to ban TikTok in the U.S. is actually
1:45.0	an incredibly sweeping act that would greatly expand executive authority in a way that many
	...

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