"effective tool for controlling a consumer facing technology developers everywhere want to use (see:VPNs) "

No - it's extremely effective.

Do you realize the difference between a 'few people using VPNs + fake IDs at 2-person companies ... vs companies all companies globally not allowed to use tech?

If 'Bank of Montreal' were caught using export controlled technology it could be devastating - so they're not going to be using it along with any little mom and pop shop.

We don't know what the Administration is doing other than 'This is Extremely Heavy Handed' and will have devastating consequences if it goes on.