The EARN IT Act - A Wolf in Sheep’s Clothing
Ark
Startups
3 years ago
1 QCP
At the time of this writing, the world is currently focused on stopping and curtailing the effects of the Covid-19 pandemic. Many families across the US, and the world are focused on making ends meet and safeguarding the health of their loved ones.
It is now at this moment, more than ever, that we must pay special attention to the legislation that is being introduced during these turbulent times around the world. Let’s start by going over the EARN IT Act that has been introduced in the US, what it is, and my opinion as a lawyer and cryptocurrency enthusiast.
The Eliminating Abusive and Rampant Neglect of Interactive Technologies Act (EARN IT Act)
This piece of legislation demands our attention. The EARN IT Act intends to create incentives for companies to “earn” liability protection for violations of laws related to the exploitation of minors.
While the EARN IT Act hopes to eliminate many items that need to be dealt with, many within the privacy and tech industry are standing up to this Act, citing that it would strip away their first amendment rights while also stripping them of their right to privacy. These are substantial claims, and in order to understand the validity they may hold, we will dive into the background of this Act, what it actually says and the implications for the tech industry as a whole.
Background on the EARN IT Act
The EARN IT Act was introduced on March 5th during the second session of the 116th Congress. The bill was introduced by Senate Judiciary Committee Chairman Lindsey Graham (R-South Carolina), U.S. Senators Richard Blumenthal (D-Connecticut), Josh Hawley (R-Missouri) and Ranking Member Dianne Feinstein (D-California). Concerning the bill, Senator Lindsey Graham stated:
...
https://blog.ark.io/the-earn-it-act-a-wolf-in-sheeps-clothing-f81ca5a62de8
It is now at this moment, more than ever, that we must pay special attention to the legislation that is being introduced during these turbulent times around the world. Let’s start by going over the EARN IT Act that has been introduced in the US, what it is, and my opinion as a lawyer and cryptocurrency enthusiast.
The Eliminating Abusive and Rampant Neglect of Interactive Technologies Act (EARN IT Act)
This piece of legislation demands our attention. The EARN IT Act intends to create incentives for companies to “earn” liability protection for violations of laws related to the exploitation of minors.
While the EARN IT Act hopes to eliminate many items that need to be dealt with, many within the privacy and tech industry are standing up to this Act, citing that it would strip away their first amendment rights while also stripping them of their right to privacy. These are substantial claims, and in order to understand the validity they may hold, we will dive into the background of this Act, what it actually says and the implications for the tech industry as a whole.
Background on the EARN IT Act
The EARN IT Act was introduced on March 5th during the second session of the 116th Congress. The bill was introduced by Senate Judiciary Committee Chairman Lindsey Graham (R-South Carolina), U.S. Senators Richard Blumenthal (D-Connecticut), Josh Hawley (R-Missouri) and Ranking Member Dianne Feinstein (D-California). Concerning the bill, Senator Lindsey Graham stated:
...
https://blog.ark.io/the-earn-it-act-a-wolf-in-sheeps-clothing-f81ca5a62de8
- Tech industry
- Crypto enthusiast
- Violation of laws
- Crypto market
- Covid-19
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