Hutchinson claims China allowed to do cryptocurrency mining in US

WHICH IS A TOPIC THAT WE’RE SEEING COME UP MORE AND MORE ON THE CAMPAIGN TRAIL FOR PRESIDENTIAL CAMPAIGNS. IT’S THE ECONOMY, STUPID. AND THESE DAYS THAT ECONOMY IS MUCH MORE COMPLICATED THAN JUST TALKING ABOUT SUPPLY AND DEMAND. CRYPTO HAS TO BE A PART OF OUR FUTURE. CRYPTOCURRENCY LIKE BITCOIN OR DOGECOIN, IS STILL A RELATIVELY NEW FORM OF DIGITAL CURRENCY, AND FORMER ARKANSAS GOVERNOR ASA HUTCHINSON MADE IT VERY CLEAR DURING A FORUM IN MANCHESTER THAT HE SUPPORTS IT. YES, I STAND WITH CRYPTO AND YOUR INDUSTRY AND I WANT IT TO GROW. I WANTED IT TO PROSPER AND LET SUCCEED AND LET’S COMPETE AND LET’S WIN THIS ELECTION SEASON, WMUR IS PARTNERING WITH POLITIFACT TO FACT CHECK THE PRESIDENTIAL HOPEFULS. ON MONDAY, HUTCHINSON MADE A CLAIM THAT CHINA IS ALLOWED TO DO CRYPTO MINING IN THE U.S. IT MAKES NO SENSE TO ME IF WE’RE TRYING TO PROHIBIT COMMUNIST CHINA FROM BUYING FARMLAND IN AMERICA, WHY ARE WE ALLOWING THEM TO DO CRYPTO MINING IN THE UNITED STATES OF AMERICA? POLITIFACT SAYS, ACCORDING TO A NEW YORK TIMES INVESTIGATION, HUTCHINSON IS MOSTLY RIGHT. THERE ARE A NUMBER OF CHINA CONNECTED BUSINESSES IN THE SPACE IN THE UNITED STATES, AND THERE HAS BEEN A GREAT INFLUX IN THAT IN RECENT YEARS, IN PART BECAUSE CHINA BANNED CYBER MINING, CRYPTO MINING INVOLVES EXTRACTING NEW CURRENCY THROUGH A PROCESS OF USING COMPUTERS TO SOLVE MATHEMATICAL EQUATIONS AND EVEN THOUGH THERE ARE SOME FEDERAL SAFEGUARDS, ANALYSTS SAY MORE NEEDS TO BE DONE, THERE DOES SEEM TO BE AGREEMENT THAT THESE BUSINESSES HAVE HAVE RAISED CONCERNS ABOUT NATIONAL SECURITY AND WILL BE FACT CHECKING. ALL THE MAJOR CANDIDATES FROM BOTH PARTIES THROUGHOUT THE