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US Lawmakers Push SEC to Delist Chinese Firms Over Security Concerns
US Lawmakers Push SEC to Delist Chinese Firms Over Security Concerns
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Republican lawmakers John Moolenaar and Rick Scott have urged the SEC to delist 25 Chinese companies, including Alibaba, Baidu, and JD.com, citing national security risks and alleged ties to China’s military. The move targets firms leveraging U.S. capital markets to potentially advance Beijing’s strategic interests.
The bipartisan pressure reflects escalating tensions between Washington and Beijing over financial markets as a battleground for technological and military supremacy. No direct cryptocurrency implications were identified in the demand, though regulatory Ripple effects could influence cross-border capital flows.
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