U.S. Republican lawmaker "Chinese mining rig manufacturers could pose a national security threat"

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Son Min

Summary

  • It reported that Chinese Bitcoin (BTC) mining rig manufacturers may pose a threat to U.S. national security.
  • It said that Bitmain and Kango are expanding their U.S. operations through opaque ownership structures and financing.
  • It said securing U.S. leadership in energy and the crypto asset market and an investigation of these companies by the Committee on Foreign Investment in the United States (CFIUS) are necessary.

A Chinese Bitcoin (BTC) mining rig manufacturer may pose a threat to U.S. national security, it was claimed.

On the 9th (local time), Bloomberg reported that U.S. Republican Representative Zach Nunn said, "Chinese mining rig manufacturers Bitmain and Kango are expanding their businesses in the U.S. through opaque ownership structures and financing methods," and "these companies could pose a potential threat to national security."

He added, "We should not allow the Chinese government to access key assets that move our economy," emphasizing, "We must secure leadership in America's energy and crypto asset markets." He further said, "The Committee on Foreign Investment in the United States (CFIUS) should closely investigate these companies."

In response, Bitmain and Kango stated that "they comply with U.S. regulations and are not affiliated with the Chinese government or state-owned enterprises."

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Son Min

sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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