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How Would a US Ban on End to End Encryption Affect Cryptocurrency?

According to reports US lawmakers and the Department of Justice want to ban end-to-end encryption in the name of protecting the children. This could have implications for cryptocurrency.

Encryption Embargo

The reports are suggesting that Attorney General William Barr has questioned the use of encryption to turn devices into ‘law-free zones’.

The primary concern is firms like Apple which have full control over their devices and refuse to provide a backdoor to aid law enforcement in criminal investigations and other matters of national security.

US Senator Lindsey Graham, chair of the Senate Judiciary Committee, is drafting a new bill that could potentially outlaw the use of encryption in the name of protecting children. He has repeatedly called the iPhone a ‘safe haven for criminals’.

At the White House Summit on Human Trafficking last week Barr joined those calls with his views on the technology.

“We all recognize that encryption is important in the commercial world to protect consumers like us from cybercriminals, but now, we’re seeing military-grade encryption being marketed on consumer products like cellphones and social media platforms and messaging services, and that means that we cannot get access to this data.”

Senior staff lawyer in the Center for Democracy at the American Civil Liberties Union, Brett Max Kaufman, said encryption reliably protects consumers’ sensitive data. He added that technology providers should continue to make their products as safe as possible and resist pressure from all governments to undermine the security of the tools they offer.

The new draft bill called the ‘Eliminating Abusive and Rampant Neglect of Interactive Technologies Act’ will modify the Communications Decency Act’s Section 230 to make companies liable in state criminal cases and civil lawsuits over child abuse and exploitation.

Many of these suggested best practices such as offering parental controls and s...

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