The Clarifying Lawful Overseas Use of Data (CLOUD) Act has just sanctioned a whopping sum of more than one trillion dollars. There’s no doubt regarding the efficiency of CLOUD. But this also means that more power is vested on the legal sector and this is a reason of concern for the Crypto sector.
The President of US Senate, Mr Orrin Hatch said, “The CLOUD Act bridges the divide that sometimes exists between law enforcement and the tech sector by giving law enforcement the tools it needs to access data throughout the world while at the same time creating a commonsense framework to encourage international cooperation to resolve conflicts of law”.
The last few weeks weren’t easy for Crypto advocates. Mr Edward Snowden described how the US government has been checking out and looking out for suspicious activities by the Bitcoiners since 2013. This new bill now gives more reason to the authorities to supervise their online activities.
Senator Rand Paul checked the 2,232 pages of the document completely and found justified clarification of the overseas use of data, most popularly known as CLOUD Act. This is the creation of the most renowned intellectuals from Apple, Facebook, Microsoft, Google and Yahoo.
All the companies have submitted a juxtaposed statement which reads, “The new Clarifying Lawful Overseas Use of Data (CLOUD) Act reflects a growing consensus in favor of protecting Internet users around the world and provides a logical solution for governing cross-border access to data. Introduction of this bipartisan legislation is an important step toward enhancing and protecting individual privacy rights, reducing international conflicts of law and keeping us all safer.”
Many companies like Microsoft have been battling the US Government’s stance to eavesdrop their privacy and has made it to the Supreme Court this year. The EFF states that the CLOUD fails to protect the individuals and their countries from attacks and targets by criminal minds.