U.S. Senator Lindsey Graham is not too fond of cryptocurrencies. At the heart of the concern is the subject of encryption, which he feels is an enemy of the state. Encryption, when in the wrong hands, can certainly be used for nefarious deeds \u2013 a statement that can be made about virtually anything with normally innocuous purposes. However, a new measure being considered by federal lawmakers could possibly threaten the very survival of crypto in the country, as well as bring a halt to all forms of social messaging platforms in their current forms. Imagine a world without WhatsApp, Telegram and others \u2013 and without digital currency. A draft bill is making its rounds that would force companies to provide government access to their platforms, breaking the end-to-end encryption that many offer. The Eliminating Abusive and Rampant Neglect of Interactive Technologies (EARN IT) Act is designed to help tighten the screws on things like child porn and slavery; however, it forces all companies to give law enforcement agencies access to communications on the networks without hindrance. Tech Freedom\u2019s Berin Szoka explains, \u201cSignal, Telegram, and WhatsApp all could no longer exist in their current form. All would be required to build in backdoors for law enforcement because all could be accused of \u2018recklessly\u2019 designing their products to make it impossible for the operators or law enforcement to stop CSAM sharing. The same could happen for age verification mechanisms. It\u2019s the worst kind of indirect regulation. And because of the crazy way it\u2019s done, it could be hard to challenge in court.\u201d If the companies don\u2019t comply, they can be branded terrorists or terrorism supporters. Graham has already determined that crypto malware is an act of terrorism and wants to hold companies that he believes could otherwise prevent the activity (i.e., allowing terrorist communications on the platform) to be held accountable. He explained a few years ago, in defending his branding of malware as an act of terrorism, \u201cWe have a state-sponsor of terrorism list that the State Department collects. If you are on that list, bad things come your way because you are a bad actor. If we don\u2019t wake up some of the nation-states where these problems reside in large measure, you are never going to fix this problem.\u201d No one should be na\u00efve enough to believe that the government would limit its new powers to only possible child porn or child exploitation. If encryption becomes a thing of the government\u2019s ire and is banned, it will definitely make it easy for the government to keep tabs on virtually all crypto transactions. Szoka adds, \u201cThe Graham bill would create broad new legal risks by lowering the (actual) knowledge requirement from \u2018knowingly\u2019 to \u2018recklessly\u2019 (which would include an after-the-fact assessment of what the company \u2018should have known\u2019) and amending Section 230 to authorize both criminal prosecution and civil suits under state law. For the first time, operators could be sued by plaintiff\u2019s lawyers in class-action suits for \u2018reckless\u2019 decisions in designing or operating their sites\/service.\u201d When word started circulating about the EARN IT Act, Fundstrat\u2019s Thomas Lee took a look and shared his view on Twitter, stating, \u201cIf true, would have some negative impact on crypto and digital assets which are grounded by cryptography.\u201d https:\/\/twitter.com\/fundstrat\/status\/1224873593638727681 Graham, the chair of the Senate Judiciary Committee, hinted last December that something like this was coming. He told tech representatives during a hearing on security, \u201cYou\u2019re going to find a way to do this or we\u2019re going to do this for you.\u201d It looks like he\u2019s determined to get his way.