U.S. BILL PROPOSES OUTLAWING GOVERNMENT USE OF CHINA-MADE BLOCKCHAINS AND TETHER'S USDT

Summary from the TLDR Crypto newsletter

US lawmakers have proposed a law preventing federal government officials from transacting with Chinese blockchain companies. This is due to concerns about China's influence in the crypto industry and potential implications for national security and data privacy. The proposal also mandates three key government departments to form a strategy to counteract the risks associated with foreign countries developing blockchain technologies.