Warren demands Commerce Sec. Lutnick disclose Bitmain-Trump family communications amid national security probe

$314M for 16,000 Bitmain rigs while DHS Operation Red Sunset is still open and unresolved — American Bitcoin Corp moved fast on that one. Lutnick being asked to police this is its own conflict given Cantor Fitzgerald's Tether custody role and broader crypto exposure. Bitmain spinning up domestic ASIC manufacturing in early 2026 doesn't fix the firmware-level backdoor concern either — you can fab chips in Texas and still push remote updates from Shenzhen.

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