> "We don't have the first notion how cryptography works," said the politician-senators in a joint statement

This is dangerously naive. Technically-minded people often make the serious mistake of assuming politics follows any kind of logic. It doesn't; politics is often self-contradictory.

These people know how crypto works, at least at a high level. Many of these players knew 20 years ago in the first crypto war. They just don't care; rules that are hard to implement or require interpretation can be selectively enforced.

This is a power play against technology companies. If they want to survive, tech companies need to start banding together and fighting this in the court of public opinion. As half of those companies are involved in advertising, this shouldn't be hard.

The near future will reveal who is willing to fight for their own future and who is a collaborator.