Related News

Tether claims $1.5B profit, but hidden math reveals a $4.2B hit that halved its safety cushion in 90 days

August 1, 2026
Speaker Johnson’s response to Pope Leo reveals Christian nationalism

Speaker Johnson’s response to Pope Leo reveals Christian nationalism

February 11, 2026
Qubic Reveals How Its Dogecoin Mining Launch Will Work Starting April 1

Qubic Reveals How Its Dogecoin Mining Launch Will Work Starting April 1

March 31, 2026

Browse by Category

  • Canadian news feed
  • Crypto
  • Faith
  • Geothermal
  • Golf news
  • Hockey news
  • Running & fitness
  • Skateboarding
  • Sports & Fitness
  • WeMaple news

Related News

Tether claims $1.5B profit, but hidden math reveals a $4.2B hit that halved its safety cushion in 90 days

August 1, 2026
Speaker Johnson’s response to Pope Leo reveals Christian nationalism

Speaker Johnson’s response to Pope Leo reveals Christian nationalism

February 11, 2026
Qubic Reveals How Its Dogecoin Mining Launch Will Work Starting April 1

Qubic Reveals How Its Dogecoin Mining Launch Will Work Starting April 1

March 31, 2026

Browse by Category

  • Canadian news feed
  • Crypto
  • Faith
  • Geothermal
  • Golf news
  • Hockey news
  • Running & fitness
  • Skateboarding
  • Sports & Fitness
  • WeMaple news
WEMAPLE NEWS - Brand Partnerships
  • Home
  • Canadian news feed
  • Skateboarding
  • Sports & Fitness
    • Golf
    • Hockey
    • Running & fitness
  • Faith
  • Geothermal
  • Crypto
  • WeMaple news
No Result
View All Result
CONTRIBUTE
WEMAPLE NEWS - Brand Partnerships
  • Home
  • Canadian news feed
  • Skateboarding
  • Sports & Fitness
    • Golf
    • Hockey
    • Running & fitness
  • Faith
  • Geothermal
  • Crypto
  • WeMaple news
No Result
View All Result
WEMAPLE NEWS - Brand Partnerships
No Result
View All Result
Home Crypto

Crypto Giant Bitmain Faces Scrutiny As US Senator Flags Trump Family Ties

WeMaple AI by WeMaple AI
March 29, 2026
in Crypto
0
Crypto Giant Bitmain Faces Scrutiny As US Senator Flags Trump Family Ties
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter

A federal investigation into a Chinese hardware maker sits unresolved, its outcome unknown to the public. That uncertainty is now drawing fire from Capitol Hill — and putting US President Donald Trump’s family in the middle of it.

You might also like

Bitcoin Price News: Why BTC May Have Hit Its Cycle Low Near $80,000

Alipay Denies Crypto Trading Support After Peer Launches USDC Payment Feature

Ripple’s RLUSD stablecoin gains Coinbase access as Moody’s awards investment-grade rating

Security Probe Stretches Back To Biden White House

Senator Elizabeth Warren wrote to Commerce Secretary Howard Lutnick Thursday, asking for internal documents and communications tied to Bitmain Technologies, the Beijing-based company that makes a dominant share of the world’s bitcoin mining machines.

According to Bloomberg, which first reported the letter, Warren wants to know what the department has done to address what she called “potential national security concerns” — and whether business ties to the Trump family have shaped any of those decisions.

The federal probe Warren is pressing on has a name: Operation Red Sunset. Led by the Department of Homeland Security, it examined whether Bitmain’s ASIC mining rigs could be remotely manipulated for espionage or used to knock out parts of the US power grid.

The investigation was launched under the Biden administration and carried into the opening months of Trump’s current term. Based on Bloomberg’s November 2025 reporting, its status remains unresolved.

The security questions around Bitmain did not start with Operation Red Sunset. A Senate Intelligence Committee report from July 2025 concluded that Bitmain hardware “can be forced by the PRC to turn over data” under China’s national security law.

A year earlier, a federal review ordered the divestment of a mining operation near Wyoming’s Francis E. Warren Air Force Base over what officials described as significant national security concerns tied to foreign-made equipment.

Trump Sons Spent $314 Million On The Same Rigs Under Scrutiny

What sharpens the political edge of Warren’s letter is who has been buying Bitmain hardware in bulk. American Bitcoin Corp., co-founded by Eric Trump and Donald Trump Jr. in a joint venture with mining company Hut 8, signed a contract in August 2025 to acquire 16,000 Bitmain machines for $314 million, paid in pledged bitcoin rather than cash. That deal came from SEC filings cited by Bloomberg.

The company has since grown its fleet considerably. Reports indicate American Bitcoin added another 11,298 machines earlier this month, bringing its total to roughly 89,000 rigs producing about 28.1 exahashes per second of mining power. Its bitcoin treasury has reached around 6,900 BTC — worth approximately $462 million at current prices.

Warren’s letter asks Lutnick directly what steps his department has taken to keep national security decisions clear of influence from firms with Trump family business connections.

Read Entire Article
Tags: Celebrity NewsCrypto
Share30Tweet19
WeMaple AI

WeMaple AI

Recommended For You

Bitcoin Price News: Why BTC May Have Hit Its Cycle Low Near $80,000

by WeMaple AI
October 29, 2026
0
Bitcoin Price News: Why BTC May Have Hit Its Cycle Low Near $80,000

The post Bitcoin Price News: Why BTC May Have Hit Its Cycle Low Near $80,000 appeared first on Coinpedia Fintech News Bitcoin is struggling to hold the low...

Read more

Alipay Denies Crypto Trading Support After Peer Launches USDC Payment Feature

by WeMaple AI
October 29, 2026
0
Alipay Denies Crypto Trading Support After Peer Launches USDC Payment Feature

The post Alipay Denies Crypto Trading Support After Peer Launches USDC Payment Feature appeared first on Coinpedia Fintech News A new USDC trading feature has put China’s payments...

Read more

Ripple’s RLUSD stablecoin gains Coinbase access as Moody’s awards investment-grade rating

by WeMaple AI
October 29, 2026
0

Ripple's RLUSD stablecoin has launched on Coinbase and its Base blockchain after Moody's assigned the token an investment-grade credit rating The agreement announced Wednesday makes RLUSD

Read more

BitGo Plans In-Platform Access to WisdomTree Tokenized Treasury Fund

by WeMaple AI
October 29, 2026
0
BitGo Plans In-Platform Access to WisdomTree Tokenized Treasury Fund

BitGo says eligible institutional clients will be able to mint, redeem and custody WisdomTree’s WTGXX tokenized Treasury money-market fund within its regulated digital-asset

Read more

CF Benchmarks Debuts Onchain Oracle for Institutional Crypto Price Indices

by WeMaple AI
October 29, 2026
0
CF Benchmarks Debuts Onchain Oracle for Institutional Crypto Price Indices

CF Benchmarks has launched CFB Oracle, delivering cryptographically signed index information to applications on Ethereum mainnet, HyperEVM and Robinhood

Read more
Next Post
Oxford Frozen Foods fined $10K for mislabelling blueberries as Canadian

Oxford Frozen Foods fined $10K for mislabelling blueberries as Canadian

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Related News

Tether claims $1.5B profit, but hidden math reveals a $4.2B hit that halved its safety cushion in 90 days

August 1, 2026
Speaker Johnson’s response to Pope Leo reveals Christian nationalism

Speaker Johnson’s response to Pope Leo reveals Christian nationalism

February 11, 2026
Qubic Reveals How Its Dogecoin Mining Launch Will Work Starting April 1

Qubic Reveals How Its Dogecoin Mining Launch Will Work Starting April 1

March 31, 2026

Browse by Category

  • Canadian news feed
  • Crypto
  • Faith
  • Geothermal
  • Golf news
  • Hockey news
  • Running & fitness
  • Skateboarding
  • Sports & Fitness
  • WeMaple news
WEMAPLE NEWS – Brand Partnerships

Wemaple will be firmly committed to the public interest and democratic values.

CATEGORIES

  • Canadian news feed
  • Crypto
  • Faith
  • Geothermal
  • Golf news
  • Hockey news
  • Running & fitness
  • Skateboarding
  • Sports & Fitness
  • WeMaple news

BROWSE BY TAG

AZO Clean Tech Bitcoinist Bitcoinmagazine Canada News CBC.ca Celebrity News Christian Post CoinPedia Corporate Knights Crypto Cryptoslate Faith Geothermal Golf Hockey Lifehacker Ludwig-van.com NcrOnline newsbtc Skateboarding tomsguide.com Utah news dispatch

© 2025 wemaple.canadiana.news - all rights reserved. YYC TECH CONSULTING.

No Result
View All Result
  • Home
  • Canadian news feed
  • Skateboarding
  • Sports & Fitness
    • Golf
    • Hockey
    • Running & fitness
  • Faith
  • Geothermal
  • Crypto
  • WeMaple news

© 2025 wemaple.canadiana.news - all rights reserved. YYC TECH CONSULTING.