The United States has just converted a national security tool into a revenue stream, forcing Nvidia and AMD to surrender 15% of their China chip sales to Washington. What began as a semiconductor export control is now a blueprint for governments to claim stakes in private companies’ earnings.

Conflux’s move turns private crypto rails into Beijing’s sharpest tool yet for chipping away at U.S. payments supremacy

Beijing’s $586 billion export boom isn’t real demand—it’s a last-minute inventory grab before August-1 tariffs, priming factories for a post-surge deflation crash.