Bloomberg: Republican lawmakers seek to review Bitmain and Cango Inc.

According to ChainCatcher, according to Bloomberg, Republican lawmaker Zachary Nunn called on the federal government to review Bitcoin mining hardware manufacturers Bitmain and Cango Inc., saying the two companies' growing operations in the United States may pose national security risks. Nunn noted that Bitmain and Cango “seem to be expanding their operations in the U.S. through complex ownership structures and financing arrangements, where regulators and the public may not fully understand their transparency.” In response, representatives of Bitmain and Cango both responded that they strictly abide by all U.S. laws and have no connection with any government or state-owned enterprises. Bitmain said it had noticed rumors about its planned acquisition of Cango, but "these rumors were totally untrue", while denied that it was exploring direct ownership of U.S. power plants, and said the claims that its miners could affect infrastructure were "unreasonable". Cango said it would not comment on "market rumors" or potential M&A deals.