Plan a Crypto Mine Near a U.S. Military Base? Expect a Bigger Hassle Now.

After President Biden intervened to halt a China-linked crypto venture near a nuclear site, the Treasury Department is enforcing stricter scrutiny on foreign real estate transactions near military installations.

President Biden's directive for MineOne to cease operations was based on national security concerns linked to foreign technology employed within a mile of the Warren Air Force Base.

The new rule will enable the Committee on Foreign Investment to scrutinize foreign real estate transactions, thereby ensuring enhanced protection for U.S. military facilities from foreign threats.

Treasury Secretary Janet Yellen emphasized the importance of the rule, stating that it empowers CFIUS to effectively counteract potential risks posed by foreign entities near critical military sites.

Read at Coindesk