Treasury Secretary Scott Bessent has been asked to have CFIUS conduct a review of two crypto-related companies, citing national security concerns. The two entities, both headquartered in China, appear to be scaling operations in the U.S. through opaque operations. Details and related letter are inside.
In case you missed it, the New York Times wrote an interesting piece on the national security implications of Chinese cryptomining facilities in the U.S., particularly near military facilities. This is not the first time the risk has been flagged, and it brings up interesting jurisdictional questions.