Altcoins News
By Evie Vavasseur
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Operation Red Sunset Details. The probe focuses hard on espionage risks. Warren's team wants to know exactly how Bitmain's…
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Grid Security Fears Mount. The power grid angle has officials really spooked. Bitmain's mining rigs consume massive amounts…
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Senator Elizabeth Warren launched a federal probe into Chinese crypto mining giant Bitmain, citing serious national security concerns about the company's operations on American…
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Warren fired off a letter to Homeland Security on March 15, demanding answers about Bitmain's extensive hardware deployments across America.
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The probe focuses hard on espionage risks. Warren's team wants to know exactly how Bitmain's equipment could be weaponized against American interests, especially given the…
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Department of Energy officials already flagged Bitmain in a January report about foreign threats to the power grid.
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Warren held a press conference March 22 where she hammered home the stakes. "We can't let technological advancement compromise our national security," she said, pointing to…
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Bitmain hasn't said a word publicly about the investigation, which probably isn't helping their case with suspicious lawmakers.
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The power grid angle has officials really spooked. Bitmain's mining rigs consume massive amounts of electricity, and their widespread deployment across American mining farms…
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A FERC spokesperson confirmed March 20 that the commission is "working closely with federal agencies to ensure power grid integrity.
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Senator Ron Wyden jumped on the bandwagon March 25, backing Warren's investigation and calling for "rigorous oversight" of foreign tech integration.
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And the probe keeps expanding. Securities and Exchange Commission officials are now looking at whether Bitmain's activities fall under their jurisdiction, according to an…
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Industry watchers are getting nervous about the economic fallout. John Reed Stark, former SEC enforcement chief, warned March 26 that the Bitmain investigation could trigger…
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The investigation timeline remains murky, but congressional hearings seem inevitable as Warren builds her case.
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Department of Commerce officials confirmed March 28 they're considering new measures to keep sensitive technologies away from foreign adversaries.
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