Well, the problem is. With this Law, The Government will have full access to your computer without your knowledge and any restriction. Also because Blockchain is based on your internet broadband provider they can restrict access to blockchain and also as Hive account@d00k13 did mention now they can make you pay tax from your blockchain earnings.
Blockchain users have to take this seriously and stop being delusional. Since if they will cut us off from the whole internet how Steem will help us? if any of us won't have any access to the Internet?

I know. In my words I might sound over exaggerating but.. we should take always extra precaution. We people already did fight against ACTA, CETA, PETA and some other government crap. We did stop them. And we have to continue to do this. Simple because the Internet is truly free world. Where the Government want to put hands on it.