Part 1:The number of CCP companies added to the entity list for export controls has decreased drastically
5/31/2023 【U.S. Senate Committee on Banking, Housing, and Urban Affairs Hearing】Senator Bill Hagerty: I am very concerned about the drastic decrease in the number of CCP companies added to the entity list for export controls, as well as the fact that the Commerce Department still permits exports of U.S. technology to the CCP’s most worrisome state owned defense enterprises.
Part 2: Hagerty: I am deeply concerned to see the current government kowtowing to the CCP
5/31/2023 【U.S. Senate Committee on Banking, Housing, and Urban Affairs Hearing】Senator Bill Hagerty: I am deeply concerned to see the current government kowtowing to the Chinese Communist Party just to hold high-level talks with CCP officials. This simply doesn’t make sense. Instead, we should speak from a position of strength, not weakness. Any backing off from the CCP is absolutely unacceptable!
Part 3: The CCP is selling precursors of fentanyl to drug cartels by paying with USDT and Bitcoin
5/31/2023 【U.S. Senate Committee on Banking, Housing, and Urban Affairs Hearing】CCP suppliers have been selling chemical precursors of fentanyl to drug cartels in exchange for digital currencies, with Tether (USDT) and Bitcoin being the main payment methods. In response to this, Senator Elizabeth Warren pointed out the need for legislation to address the loopholes in US anti-money laundering rules and cut off avenues for illicit transactions through digital currencies.
