United States of America: Issued White House order to MineOne to sell land near US nuclear missile base due to national security concerns

Description

Issued White House order to MineOne to sell land near US nuclear missile base due to national security concerns

On 13 May 2024, the White House issued an order requiring MineOne, a cryptocurrency mining company, to sell land near a Wyoming nuclear missile base, citing national security concerns. Specifically, the order was issued due to concerns within the government that the site may contain specialised and foreign-sourced equipment capable of facilitating surveillance and espionage activities. Additionally, concerns arose because MineOne, a company owned by a Chinese national, might take actions that threaten the national security of the United States. MineOne has been instructed to divest from the land within the next 120 days and to remove certain improvements and equipment from the property.

Original source

Scope

Policy Area
Foreign direct investment
Policy Instrument
MNE: Entry and ownership rule
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Implementation Level
national
Government Branch
executive
Government Body
central government

Complete timeline of this policy change

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2024-05-13
in force

On 13 May 2024, the White House issued an order requiring MineOne, a cryptocurrency mining company,…