While the US presidential elections are just around the corner, cryptocurrencies have become frequently discussed during the election process.
At this point before Bitcoin (BTC) And cryptocurrency Presidential candidate known for his anti-government views While Donald Trump is now announcing his support for crypto, current president and presidential candidate Joe Biden continues his anti-crypto approach.
According to Coindesk news US President Joe Biden has ordered the shutdown of the MineOne operation of a cryptocurrency mining company controlled by Chinese investors, located near Warren Air Force Base in Wyoming, citing national security risks.
In the statement made by the White House, it was stated that a crypto mining company, mostly owned by Chinese citizens, set up shop within one mile of a US nuclear missile base without the necessary permission.
It was also stated that the company used foreign technology that created national security concerns.
The White House also said that the land where the mining operations were located was acquired in 2022, but the company that owns the land was accused of purchasing the land and starting work there without applying to the Committee on Foreign Investment in the United States (CFIUS), and an investigation was launched regarding this.
Biden’s stop order also requests the sale of the land in question.
US Treasury Secretary Janet Yellen He said in his statement:
“The decision underscores the critical watchdog role that CFIUS serves to ensure that foreign investment does not harm our national security, especially as it relates to transactions involving sensitive U.S. military facilities as well as specialized equipment and technologies.”
*This is not investment advice.
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