Crypto news

Hey guys, I'm sure that most of you are current users of crypto on here, if not all, I would like to share some info with you as to why the market had a downtrend several days ago. Me personally these things dont effect me because I trade the coin rather than invest into it, but for others this type of action causes serious loss to account value. So recently the House of Representatives passed a bill call the "CLOUD ACT" this helps the government gain access to data stored offshore. You may wonder why crypto? The data access is not just for crypto, but the interesting part is that the bill attaches crypto within it because it's a data network. Therefore all transactions, wallets, exchanges even overseas would have to present their data if they want to be connected to the network. Potentially trying to seperate blockchain network from decentralization to localized networks. Knowing blockchain, I have a strong belief that this won't happen, but the bill was already passed. If you want to read the full article including downloading the pdf file of the bill, here is the site that has all the info. https://www.google.com/amp/s/futurism.com/everything-need-know-cloud-act/amp/