US Proposes to Ban the Use of USDT and Chinese Blockchain 🚫

🇺🇸 US officials are preparing to introduce a bill banning officials from using stablecoin USDT and coming into contact with blockchain projects originating from China, according to the latest published information.

🏛️ On November 8, US lawmakers introduced a new draft law, placing restrictions on Chinese blockchain projects, including Spartan Network, Conflux Network and Red Date Technology Co. Red Date is known as the unit that supports the issuance of digital yuan for the Chinese government.

🤝 The bill also prohibits the US government from contacting and using products from iFinex, the parent company of stablecoin USDT - Tether.

🔒 The goal of the bill is to protect US national security and private information, according to the lawmakers who created the bill.

🇺🇸US officials in mid-2023 banned government officials and employees working in federal agencies from using the TikTok social network originating from China with similar security concerns.

✨However, the price of Conflux Network's $CFX token on the morning of November 9 is increasing by more than 8% following the upward trend of the cryptocurrency market, with no signs of being affected by the US bill targeting honor. this sentence.

📉 However, the prospect of the bill being discussed directly before the US House of Representatives may be difficult, as many bills on cryptocurrency regulation are being considered at the present time.

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