The White House has issued an order forcing a Chinese-backed cryptocurrency mining company to sell land near a Wyoming-based nuclear missile base.
The Biden administration has ordered a Chinese-backed cryptocurrency mining company to sell land near a U.S. nuclear missile base following an investigation by a government agency.
The company's site contained"specialized and foreign-sourced equipment potentially capable of facilitating surveillance and espionage activities," the presidential order said.Biden said there was"credible evidence" to believe that the company, a British Virgin Islands firm that is majority-owned by Chinese nationals,"might take action that threatens to impair the national security of the United States.
The move from the Biden administration comes against the backdrop of a wider crackdown on Chinese companies in the U.S. ahead of the upcoming presidential elections, and amid tensions between the world's two largest economies.In April, Biden signed a law to force the divestiture of social media platform TikTok from its Chinese parent company ByteDance on grounds of national security.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
White House Mulling 100 Percent Tariff to Ward Off Chinese EVsThe move would quadruple the current tariff amount on Chinese-imported electric vehicles, none of which are currently on sale in the U.S.
Read more »
White House opposes House bill to force Israeli arm shipmentsThe measure would force the U.S. to send bombs that have been delayed over Israel's conduct in Gaza.
Read more »
White House eyes Russian uranium import ban while house bill stallsNo 1 source of global mining news and opinion
Read more »
White House doesn’t want to touch House speaker dramaEven though Johnson helped move his foreign policy aid package, the president isn’t going to intervene on a conservative effort to oust him.
Read more »
White House deems House impeachment inquiry 'over,' President Biden formally declines to testifyPresident Biden formally declined to testify at the request of House Oversight Committee Chairman James Comer, R-Ky. regarding his family's business dealings.
Read more »
White House rejects House GOP effort for Biden to testify in Oversight impeachment inquiryJoe Biden will not be testifying before the House Oversight Committee, the White House said in a rejection letter.
Read more »