# Senate Renews Spying Law, Raises Concerns in Crypto World

*Senate Renews Surveillance Law, Crypto Community on Edge: What It Means for Privacy and Regulation*

**Author:** Jakub Lazurek
**Published:** 2025-03-20 11:33:52
**Source:** [View on Coinpaprika](/news/senate-renews-spying-law-raises-concerns-in-crypto-world/)

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The **US Senate has approved the renewal of Section 702** of the Foreign Intelligence Surveillance Act (FISA), **sparking debates** among those who champion civil freedoms and the cryptocurrency sector. 

This law enables the government to **collect data from large tech firms like Google and Facebook without warrants**.

The legislation passed with a **vote of 60-34** and is awaiting President Joe [Biden's](https://coinpaprika.com/news/cea-proposes-30-tax-on-crypto-mining-to-combat-environmental-impact/) signature to extend the surveillance powers for another two years. 

This has caused **unease in the cryptocurrency community**, which prioritizes privacy and decentralization, due to the extensive reach of these powers.

**Critics, including Senator Ron Wyden**, argue that Section 702 could be **misused to gather unnecessary data** on American citizens. 

Conversely, some lawmakers, such as Senator Elizabeth [Warren](https://coinpaprika.com/news/u-s-senator-warren/), believe monitoring the crypto sector is necessary for **regulatory oversight**.

With the **reauthorization of Section 702**, crypto businesses might face **heightened regulatory attention** from agencies like the SEC, CFTC, and DOJ, ensuring they meet surveillance and data collection norms.

Despite the potential for misuse, there are instances of **cooperation between crypto companies and law enforcement** to address illegal activities. 

For example, the CEO of [Tether](https://coinpaprika.com/news/tether-mints-new-4-billion/) has worked with the FBI and the Secret Service on **counter-terrorism financing**.

As discussions about Section 702 continue, the **crypto industry stands at a crucial juncture**. 

The law's renewal could **challenge the principles of privacy and decentralization** central to cryptocurrency, raising questions about government involvement in innovative technologies.

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**Tags:** Law, Economy

