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The White House urges Congress to veto the export restrictions bill on NVIDIA.

On November 20, news came out from the cryptocurrency world that the White House is pressuring Congress to reject the bill that restricts Nvidia's exports.

This matter is quite interesting, as NVIDIA's chips are not only needed by gamers and AI companies, but the mining and computing power rental market has also been keeping an eye on it. If the export restrictions are truly overturned, it will have a significant impact on the supply chain of the entire computing power market.

It is still unknown how Congress will vote, but since the White House has made a public statement, the subsequent developments are worth following closely.

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ContractHuntervip
· 22h ago
The White House is blocking the knife for Nvidia, the computing power market has already experienced a round of price increases, if export restrictions are really imposed, the mining costs will explode. Congress needs to vote wisely, otherwise, it will just be digging its own grave for the computing power business. Waiting to see the voting results, it feels like this matter is in jeopardy. With chips being a bottleneck, in the end, it still depends on political games, it's too realistic.
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NFTRegrettervip
· 11-20 04:49
This move by the White House is quite brilliant, but to put it bluntly, it's still for the interests of the chip Supply Chain, as the demand for Mining in the crypto world is too large.
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MoneyBurnerSocietyvip
· 11-20 04:42
Once again, the White House is stirring things up. As soon as the chip Supply Chain loosens, Computing Power costs drop sharply, and my buy the dip funds are about to enter the market automatically.
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ServantOfSatoshivip
· 11-20 04:37
The White House's recent actions are essentially paving the way for Mining and AI companies; only when the chip supply is sufficient can GPU prices fall. The congressional vote concerns the entire Computing Power ecosystem, and Bitcoin Miners are probably keeping a close eye on it. If it really gets vetoed, the graphics card market will go crazy. This political game, to put it bluntly, is still about competing for the discourse power of Computing Power and chips.
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staking_grampsvip
· 11-20 04:25
The White House's recent actions seem to be paving the way for the Computing Power market; once the chip restrictions are eased, graphics card prices are bound to rise again.
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