đš Breaking: US Reps Nunn & Spanberger introduce the CLARITY Act of 2023, aiming to ban federal officials from doing business with Chinese blockchain companies! đČ
Key points:
- Prohibits govt employees from using Chinese blockchain networks & trading platforms.
- Targets iFinex (Tether's parent company) & others like Spartan Network, Conflux Network, & Red Date Technology.
- Aims to protect national security & private info from foreign adversaries.
đ Background: Tether was exposed to Chinese securities earlier in 2023, raising concerns about its stablecoin's backing.
đ€ What do you think about this legislation? Share your thoughts in the comments! đ