U.S. Congressman Warns Chinese Investors Seeking to Acquire American Bitcoin Mining Companies

Gate News message, April 28 — U.S. Representative Zach Nunn said at Bitcoin 2026 conference that Chinese investors are actively seeking to acquire controlling stakes in American bitcoin mining companies, which could pose a strategic threat to the United States' position in digital assets. Nunn stated he is pushing legislation to restrict such acquisitions.

Nunn also highlighted the double taxation issue affecting bitcoin miners. Under current tax law, miners must pay taxes once when receiving mining rewards and again when selling bitcoin. This dual taxation mechanism differs significantly from how other commodities are taxed and is suppressing innovation in the industry.