U.S. Bill Proposes Banning Chinese Blockchains and Tether’s USDT
On Wednesday, U.S. lawmakers introduced a bill that prohibits federal government officials from engaging with Chinese blockchain companies, reflecting the U.S. government’s ongoing concerns regarding Chinese involvement in the cryptocurrency sector.
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On Wednesday, U.S. lawmakers introduced a bill that prohibits federal
government officials from engaging with Chinese blockchain companies,
reflecting the U.S. government’s ongoing concerns regarding Chinese
involvement in the cryptocurrency sector.
The
bill additionally forbids U.S. government officials from conducting
transactions with iFinex, the parent company of Tether, the issuer of
the world’s largest stablecoin, USDT.
Notably,
neither of the bill’s authors holds prominent positions in the U.S.
House of Representatives leadership or on committees.
Probably, nothing to worry about…
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