Your Banks and Crypto Wallets Are About to Be Siezed via TikTok!

THEY'RE COMING FOR YOUR BANK ACCOUNTS AND CRYPTO WALLETS, AND THEY'RE USING TIKTOK TO DO IT.
#BREAKING #news #BreakingNews

In case you missed it, didn't understand it, or just didn't read it, here's what you need to know...

The RESTRICT Act and the Protecting Americans from Foreign Adversary Controlled Applications Act.

According to the official text, it is "An Act to protect the national security of the United States from the threat posed by foreign adversary controlled applications, such as TikTok and any successor application or service and any other application or service developed or provided by ByteDance Ltd. or an entity under the control of ByteDance Ltd."

SEC. 11. PENALTIES.

(a) Unlawful Acts.—

(1) IN GENERAL.—It shall be unlawful for a person to violate, attempt to violate, conspire to violate, or cause a violation of any regulation, order, direction, mitigation measure, prohibition, or other authorization or directive issued under this Act, including any of the unlawful acts described in paragraph (2).

(2) SPECIFIC UNLAWFUL ACTS.—The unlawful acts described in this paragraph are the following:

(A) No person may engage in any conduct prohibited by or contrary to, or refrain from engaging in any conduct required by any regulation, order, direction, mitigation measure, prohibition, or other authorization or directive issued under this Act.

(B) No person may cause or aid, abet, counsel, command, induce, procure, permit, or approve the doing of any act prohibited by, or the omission of any act required by any regulation, order, direction, mitigation measure, prohibition, or other authorization or directive issued under, this Act.

(C) No person may solicit or attempt a violation of any regulation, order, direction, mitigation measure, prohibition, or authorization or directive issued under this Act.

(D) No person may conspire or act in concert with 1 or more other person in any manner or for any purpose to bring about or to do any act that constitutes a violation of any regulation, order, direction, mitigation measure, prohibition, or other authorization or directive issued under this Act.

(E) No person may, whether directly or indirectly through any other person, make any false or misleading representation, statement, or certification, or falsify or conceal any material fact, to the Department of Commerce or any official of any other executive department or agency—

(i) in the course of an investigation or other action subject to this Act, or any regulation, order, direction, mitigation measure, prohibition, or other authorization or directive issued there under; or

(ii) in connection with the preparation, submission, issuance, use, or maintenance of any report filed or required to be filed pursuant to this Act, or any regulation, order, direction, mitigation measure, prohibition, or other authorization or directive issued there under.

(F) No person may engage in any transaction or take any other action with intent to evade the provisions of this Act, or any regulation, order, direction, mitigation measure, prohibition, or other authorization or directive issued there under.

(G) No person may fail or refuse to comply with any reporting or recordkeeping requirement of this Act, or any regulation, order, direction, mitigation measure, prohibition, or other authorization or directive issued there under.

(G) No person may fail or refuse to comply with any reporting or recordkeeping requirement of this Act, or any regulation, order, direction, mitigation measure, prohibition, or other authorization or directive issued there under.

(H) Except as specifically authorized in this subchapter, any regulation, order, direction, mitigation measure, or other authorization or directive issued there under or in writing by the Department of Commerce, no person may alter any order, direction, mitigation measure, or other authorization or directive issued under this Act or any related regulation.

(3) ADDITIONAL REQUIREMENTS.—

(A) CONTINUATION OF EFFECT.—For purposes of paragraph (2)(E), any representation, statement, or certification made by any person shall be deemed to be continuing in effect until the person notifies the Department of Commerce or relevant executive department or agency in accordance with subparagraph (B).

(B) NOTIFICATION.—Any person who makes a representation, statement, or certification to the Department of Commerce or any official of any other executive department or agency relating to any order, direction, mitigation measure, prohibition, or other authorization or directive issued under this Act shall notify the Department of Commerce or the relevant executive department or agency, in writing, of any change of any material fact or intention from that previously represented, stated, or certified, immediately upon receipt of any information that would lead a reasonably prudent person to know that a change of material fact or intention had occurred or may occur in the future.

(b) Civil Penalties.—The Secretary may impose the following civil penalties on a person for each violation by that person of this Act or any regulation, order, direction, mitigation measure, prohibition, or other authorization issued under this Act:

(1) A fine of not more than $250,000 or an amount that is twice the value of the transaction that is the basis of the violation with respect to which the penalty is imposed, whichever is greater.

(2) Revocation of any mitigation measure or authorization issued under this Act to the person.

(c) Criminal Penalties.—

(1) IN GENERAL.—A person who willfully commits, willfully attempts to commit, or willfully conspires to commit, or aids or abets in the commission of an unlawful act described in subsection (a) shall, upon conviction, be fined not more than $1,000,000, or if a natural person, may be imprisoned for not more than 20 years, or both.

(2) CIVIL FORFEITURE.

(A) FORFEITURE.

(i) IN GENERAL.—Any property, real or personal, tangible or intangible, used or intended to be used, in any manner, to commit or facilitate a violation or attempted violation described in paragraph (1) shall be subject to forfeiture to the United States.

(ii) PROCEEDS.—Any property, real or personal, tangible or intangible, constituting or traceable to the gross proceeds taken, obtained, or retained, in connection with or as a result of a violation or attempted violation described in paragraph (1) shall be subject to forfeiture to the United States.

(B) PROCEDURE.—Seizures and forfeitures under this subsection shall be governed by the provisions of chapter 46 of title 18, United States Code, relating to civil forfeitures, except that such duties as are imposed on the Secretary of Treasury under the customs laws described in section 981(d) of title 18, United States Code, shall be performed by such officers, agents, and other persons as may be designated for that purpose by the Secretary of Homeland Security or the Attorney General.

(3) CRIMINAL FORFEITURE.—

(A) FORFEITURE.—Any person who is convicted under paragraph (1) shall, in addition to any other penalty, forfeit to the United States—

(i) any property, real or personal, tangible or intangible, used or intended to be used, in any manner, to commit or facilitate the violation or attempted violation of paragraph (1); and

(ii) any property, real or personal, tangible or intangible, constituting or traceable to the gross proceeds taken, obtained, or retained, in connection with or as a result of the violation.

(B) PROCEDURE.—The criminal forfeiture of property under this paragraph, including any seizure and disposition of the property, and any related judicial proceeding, shall be governed by the provisions of section 413 of the Controlled Substances Act (21 U.S.C. 853), except subsections (a) and (d) of that section.

If, the President says something is harmful, the Department of Commerce through the Department of Justice, and or the Department of Homeland Security, have the right to criminally charge you, arrest and detain you, fine you up to $250,000 per charge, and seize any and all assets they find of being related to said crimes and or criminal activity. The very same activity that is deemed to be a threat to National Security, the harm of others, or even just yourself by them!

This is a super slippery slope.

All they have to do is make the claim that money from either your Bank or Crypto Wallet went to fund terrorist organizations, foreign adversaries, foreign agencies, and or foreign entities seen by the President to be of threat and or harm.

Now, for every charge, times every member (bank customer), times $250,000 and a 20 year prison sentence, the Federal Government now legally owns all assets found to be associated with those accounts.

Did you purchase your home through a bank loan?

Where's your money and crypto held?

Would you trust President Joe Biden or President Donald J. Trump to be the one who decides what is or isn't harmful to you, especially when they get all assets and or rights to anything associated with what is decided upon to be of threat or harm, as they are now vested in the outcome, despite the actual presence, and or lack there of, any actual threat or harm?

Because, they wouldn't abuse that power, right?

Do you see where this is going?

This is a new, dictatorial, Marxist government takeover via a newly formed social credit system disguised as a protection from foreign actors who pose a threat or harm to our national security and or people, as seen fit by whomever sits as the the acting President of the United States of America.
How could anything go wrong? 🤦

They're coming for your money accounts; Banks, Credit, and Crypto.

They're coming for America.