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.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Bitcoin's Next Critical Test at $79K, Next 3-6 Weeks Will Determine Bottom Formation: Analyst Willy Woo
Gate News message, April 28 — Crypto analyst Willy Woo shared on X that Bitcoin's next critical test is whether it can effectively break through the recent cost basis of investors at approximately $79,000. Woo estimates the probability of a successful breakout at around 30%. If Bitcoin holds
GateNews6m ago
CleanSpark CEO Warns of 20x Cost Increase Converting Bitcoin Mines to AI Data Centers
Gate News message, April 28 — CleanSpark CEO Matt Schultz warned at the Bitcoin 2026 conference that converting bitcoin mining operations into AI data centers dramatically increases infrastructure costs. The per-megawatt construction cost surges from approximately $500,000 to $10–12 million, a
GateNews20m ago
Whale Trapped in BTC Short Liquidation Pivots to $21.4M Long Bet on Hyperliquid
Gate News message, April 28 — A major whale on Hyperliquid missed two BTC downturns on April 27 and opened a 40x leveraged short position on 390 BTC at midnight on April 28, according to Hyperinsight monitoring. The whale accumulated a $30 million position with an average entry price of $76,696,
GateNews24m ago
US Bitcoin Spot ETFs See $263M Outflows, Ethereum Spot ETFs Post $50.4M Outflows
Gate News message, April 28 — According to Farside Investors, US Bitcoin spot ETFs recorded net outflows of $263 million yesterday (April 27).
Fidelity FBTC led outflows with $150 million, followed by ARK ARKB with $43.3 million, Grayscale GBTC with $46.6 million,
GateNews1h ago
Dormant Whale Withdraws 300 BTC from Major CEX, Expanding Holdings to 718 BTC
Gate News message, April 28 — According to Onchain Lens, a whale address known as 'bc1q8' has withdrawn 300 BTC (worth $23.03 million) from a major CEX after remaining inactive for 10 months.
The whale has accumulated a total of 718 BTC over the past three years, valued at approximately $55.06 mill
GateNews1h ago
