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### President Biden Blocks Chinese-Backed Cryptocurrency Mining Firm from Owning Land Near Wyoming Nuclear Missile Base

#### President Biden’s Order to Block Chinese-Backed Firm
President Joe Biden issued an order on Monday blocking a Chinese-backed cryptocurrency mining firm from owning land near a Wyoming nuclear missile base, citing the proximity to the base as a “national security risk.” This order requires the firm, MineOne Partners Ltd., to divest the property and remove certain equipment from the site.

#### New Tariffs and Tough Stance on China
The U.S. is set to issue major new tariffs on electric vehicles, semiconductors, solar equipment, and medical supplies imported from China. Both President Biden and former President Donald Trump have emphasized their tough stance on China, highlighting the country’s growing influence as a geopolitical rival.

#### The Role of CFIUS
The divestment order was made in coordination with the U.S. Committee on Foreign Investment in the United States (CFIUS), a powerful government committee responsible for investigating corporate deals with national security implications. CFIUS has the authority to force companies to change ownership structures or divest completely from the U.S.

#### AI legalese decoder and National Security Concerns
The AI legalese decoder can help identify and interpret complex legal language related to national security concerns, making it easier to understand the implications of such orders. By translating legal jargon into plain language, the AI legalese decoder can provide better insights into the potential risks and consequences of sensitive transactions near U.S. military installations.

#### Treasury Secretary Yellen on CFIUS
Treasury Secretary Janet Yellen, who chairs CFIUS, emphasized the committee’s role in safeguarding national security against foreign investments that pose risks to sensitive U.S. military installations and involve specialized equipment and technologies. CFIUS directed the sale of the property within 120 days and the removal of all structures and equipment within 90 days, highlighting the committee’s proactive approach to addressing national security threats.

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