Representatives Zach Nunn (Republican) and Abigail Spanberger (Democrat) tabled a Bill that aims to protect the United States from the blockchain activities of “China and other foreign adversaries”. It also includes defending the status of the dollar. This might be why iFinex, the parent of the largest stablecoin Tether is on the list.
The Bill primarily prevents any government spending associated with the listed networks.
Spanberger previously worked for the CIA and is a member of the Permanent Select Committee on Intelligence. And Nunn is on a Financial Services subcommittee that covers national security and illicit finance.
Article continues …
Want the full story? Pro subscribers get complete articles, exclusive industry analysis, and early access to legislative updates that keep you ahead of the competition. Join the professionals who are choosing deeper insights over surface level news.
