Earlier quoted context omitted.
I think ironically a bill like this passing would lead to more decentralization of services -- making their goals of monitoring information even harder.
They don't want to track people who will use those decentralized services. Simple as that. They want control over majority. Nothing else. Any legal business will be required to do what law requires them and it will affect every citizen. I have no hope given the stupidity of my country to do something against acts like [1] personal data protection law or the decryption act. US going towards that road only means it's e…
As would EU, South American and Asian businesses, they would VPN to another continent VPN to finally have nested encryption for key stakeholders communication.