I'm not sure "giving your rights away" quite sums up the process. It's more as a Brit, and probably most of us, weren't even aware this bill was happening - the government passes many pages of dull legislation - but if it proves a pain you can always vote for whoever offers to repeal it. I suspect the encryption law vs Apple is going to result in the government backing down to some extent.
The thing about giving your rights away is that it’s very difficult to get them back, and you never know who “they” are going to be in the future.