Following Wyoming Example, Feds Limit Foreign Crypto Mines Near Military Bases
Foreign real estate deals near military bases in the United States like F.E. Warren Air Force Base in Cheyenne will be harder to accomplish going forward.
The U.S. Department of Treasury is amending its definitions of a military installation, adding to the list of military installations covered by the Committee on Foreign Investment int he United States (CFIUS)
The new list adds almost 60 military installations across 30 states to the existing list of 10 military installations that CFIUS has jurisdiction over. That enables the federal agency to have more scrutiny over real estate deals that happen in proximity to the bases.
The rule follows the closure and forced sell-out of a Chinese-owned cryptocurrency business that in 2022 had set up shop within a mile of the F.E. Warren Air Force Base.
In May, President Joe Biden issued an executive order forcing the company to immediately cease operations, remove all of its equipment, and transfer its ownership to an approved buyer.
