Joe Biden Directs Chinese Crypto Miners to Cease Operations Near Warren Air Force Base

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As an experienced international relations and geopolitics analyst, I’ve closely followed the complex web of interactions between the United States and China for years. The latest development regarding MineOne Partners Limited’s crypto mining operation near a US Air Force Base is just another chapter in this intricate narrative.

Joe Biden, the President of the United States, has issued an instruction through the Secretary of the Treasury for MineOne Partners Limited, a British Virgin Islands-based firm owned by China, to vacate and sell their property within the next four months. The company’s crypto mining operations, situated less than a mile from an Air Force Base, pose a significant risk to national security, as stated in the presidential order dated May 14.

Additionally, the executive order pointed out that Chinese investors failed to inform the Committee on Foreign Investment in the United States (CFIUS) about their investments at the outset. It was only after a public report that CFIUS initiated its investigations.

I’ve discovered that the Chinese investors, who oversee more than 12 acres of land, are anticipated to transfer ownership of the property to an American citizen within the next 120 days following yesterday. Specifically, they have a deadline of 90 days from yesterday to eliminate any and all physical structures or installations on the property.

The report mentioned that MineOne obtained the real estate property in June 2022 and subsequently enhanced it to facilitate the conduct of cryptocurrency mining with specialized equipment, situated in the vicinity of Warren AFB – a significant military base hosting Minuteman III intercontinental ballistic missiles.

US-China Relations Remained Soar Throughout the Biden Tenure

The dynamic between China and the US has been unstable in recent years, particularly concerning technology, commerce, and safety matters. According to current data, the US boasts a Gross Domestic Product (GDP) of approximately $25.46 trillion, whereas China’s stands at roughly $18 trillion.

As a analyst, I would express it this way: The escalating geopolitical tensions in the Middle East and the ongoing crisis between Russia and Ukraine have significantly complicated the already delicate relations between the BRICS bloc and the G7 countries, spearheaded by the United States.

Previously reported by Coinspeaker, China has implemented stringent regulations to restrict the exportation of gallium and germanium goods, primarily utilized in semiconductor chip production. In contrast, the United States has withheld access to its advanced AI technology for Chinese tech giants, notably Huawei.

Crypto Issue

The widespread use of cryptocurrencies and Web3 technologies is posing a significant challenge to the US dollar‘s status as the world’s primary reserve currency. In response, the Biden administration has taken a firm stance against crypto assets, with lawmakers yet to establish clear-cut regulatory guidelines.

The long-standing dispute between the United States and China has significantly fueled the growth of blockchain technology, as an increasing number of individuals seek economic autonomy and make their opinions count.

During the approaching 2024 presidential election in November, the crypto debate is anticipated to carry significant weight. Already, leading contenders are focusing their efforts on winning over the crypto voter base to help ensure success come late this year.

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2024-05-14 13:54