In recent weeks, U.S. lawmakers have proposed legislation that would prohibit transactions with Chinese blockchain companies. This proposed legislation is the latest move in the ongoing trade war between the United States and China. The proposed legislation would target Chinese blockchain companies that are believed to be involved in activities that threaten U.S. national security or economic interests.

The proposed legislation would prohibit U.S. citizens and entities from engaging in transactions with Chinese blockchain companies that are deemed to be a threat to U.S. national security or economic interests. This includes transactions involving the purchase, sale, or transfer of digital assets, such as cryptocurrencies, tokens, and other digital assets. It would also prohibit U.S. citizens and entities from investing in or providing services to Chinese blockchain companies.

The proposed legislation is part of a broader effort by the U.S. government to limit Chinese influence in the technology sector. The Trump administration has taken a hardline stance against Chinese technology companies, citing concerns about their potential to undermine U.S. economic and national security interests. This proposed legislation is just one of many measures the U.S. government has taken to limit Chinese influence in the technology sector.

The proposed legislation has raised concerns among some experts, who argue that it could have a negative impact on the development of blockchain technology in the United States. They argue that the proposed legislation could stifle innovation and limit investment in the sector, which could ultimately hinder the growth of blockchain technology in the United States.

At this point, it is unclear if the proposed legislation will be passed into law. However, it is clear that the U.S. government is taking steps to limit Chinese influence in the technology sector, and this proposed legislation is just one of many measures it has taken to do so. It remains to be seen how this proposed legislation will affect the development of blockchain technology in the United States, but it is clear that it could have a significant impact on the sector.