Des Moines Sun

Congressman Zach Nunn, a member of the U.S. House of Representatives, has recently highlighted legislative efforts targeting economic competition with China and regulation of digital assets in a series of posts on his official Twitter account.

On July 17, 2025, Nunn criticized China's trade practices and announced new legislative action: "China is using state subsidies to rig the game—undercutting U.S. manufacturing and trapping developing nations in debt. Our new bill pushes back by forcing transparency, cutting global subsidies, defending American workers, and holding Beijing accountable."

Later that day, Nunn referenced the passage of the CLARITY Act in the House of Representatives: "The CLARITY Act just passed the House with great bipartisan support. I co-sponsored this bill to make sure the U.S.—not foreign adversaries like China—writes the rules of the road for digital assets. Clear guardrails mean stronger markets, safer consumers, and American" (posted July 17, 2025).

In a subsequent post on July 17, 2025, Nunn discussed his vote on another piece of legislation: "I just voted yes on the GENIUS Act. Stablecoins need clear rules and strong backing. This bill protects consumers, ensures 1-to-1 reserves, and keeps the U.S. at the forefront of financial innovation."

Legislation addressing Chinese state subsidies reflects ongoing concerns among lawmakers about unfair competition faced by American manufacturers and potential debt risks for developing countries engaged with China through initiatives such as Belt and Road. Recent years have seen increased scrutiny over China's economic strategies by both Congress and federal agencies.

The CLARITY Act aims to establish regulatory standards for digital assets within U.S. jurisdiction amid rising interest from international actors including China in influencing global financial technology frameworks. The GENIUS Act seeks to regulate stablecoins by requiring full reserve backing—a response to broader calls for consumer protection in rapidly evolving cryptocurrency markets.