The Restrict Act.

Talk of the town == The restrict act.
Digital wallet and crypto markets into the restrict act??

Is US govt going to do something very BIG?

If u access something which is banned by the regulators, u r fined heavily.
Under this act it becomes illegal to access a banned technology or website or any digital asset.

And if you go around it u r fined heavily and may forfeit ur assets.

Act Restriction Explained.

International Emergency Economic Powers Act (IEEPA) in the United States. This act provides the President of the United States with the authority to regulate commerce after declaring a national emergency in response to any unusual or extraordinary threat to the country's national security, foreign policy, or economy.

Under the IEEPA, the President can prohibit or regulate the export or re-export of goods, services, and technology from the United States to other countries, and can also prohibit or regulate transactions involving those goods, services, and technology. This can include the use of certain technologies that are considered to pose a national security threat.

Additionally, the United States has also implemented specific regulations regarding the export of certain technologies to other countries, including the Export Administration Regulations (EAR) and the International Traffic in Arms Regulations (ITAR). These regulations can also prohibit the export of certain technologies to countries or entities that are subject to U.S. trade sanctions or embargoes.