U.S. lawmakers have introduced the Creating Legal Accountability for Rogue Innovators and Technology (CLARITY) Act, which prohibits federal government officials from engaging in transactions with China-based blockchain firms. The bill, co-led by Representatives Zach Nunn and Abigail Spanberger, also specifically prohibits officials from transacting with iFinex, the parent company of Tether, the issuer of the world’s largest stablecoin (USDT). The legislation aims to prevent foreign adversaries, especially China, from accessing critical national security intelligence and Americans’ private information. The bill also targets other Chinese blockchain projects, including The Spartan Network, The Conflux Network, and Red Date Technology Co., the architect behind China’s national blockchain project and its central bank digital currency (CBDC) or digital yuan. Red Date responded, stating that the BSN Spartan Network is for traditional IT, not crypto, and welcomed U.S. agencies to review its source code for further details. The legislation also directs key U.S. officials to develop a plan to prevent risks posed by China’s development of blockchain technologies. This move follows the summer’s security-driven ban on government employees’ use of the Chinese-owned social media app TikTok.
By FCCT Editorial Team
, an independent military force, and allied militias in Sudan raped several dozen women and girls in West Darfur’s capital, El Geneina, and those fleeing to Chad between late April and late June 2023, Human Rights Watch said today. The assailants appear to have targeted people because of their Massalit ethnicity and, in some cases, because they were known activists.){kind=link}